HB 599
Page 1
AN ACT
RELATING TO TAXATION; CORRECTING THE DISTRIBUTION OF OPTIONAL
TAX REFUND CONTRIBUTIONS BY TAXPAYERS FOR SUPPORT OF NATIONAL
GUARD MEMBERS AND FAMILIES; DECLARING AN EMERGENCY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. Section 7-1-6.50 NMSA 1978 (being Laws 2005,
Chapter 220, Section 1) is amended to read:
"7-1-6.50. DISTRIBUTION--CONTRIBUTIONS FOR NATIONAL
GUARD MEMBER AND FAMILY ASSISTANCE.--A distribution pursuant
to Section 7-1-6.1 NMSA 1978 shall be made to the department
of military affairs in an amount equal to the money designated
pursuant to the Income Tax Act as contributions for assistance
to members of the New Mexico national guard activated for
service in the global war on terrorism and to their families.
The department of military affairs shall deposit the money in
a temporary suspense account for distribution to members of
the New Mexico national guard activated for service in the
global war on terrorism and to their families."
Section 2. TEMPORARY PROVISION.--All money in the
temporary suspense account of the secretary of veterans'
services attributable to contributions for national guard
member and family assistance pursuant to Section 7-2-30.3 NMSA
1978 shall be transferred to the department of military
affairs for deposit in a temporary suspense account and