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F I S C A L I M P A C T R E P O R T
SPONSOR Taylor
ORIGINAL DATE
LAST UPDATED
1/29/08
2/09/08 HB 502/aHBIC
SHORT TITLE Liquor Tax for Street Inebriates
SB
ANALYST Propst/Francis
REVENUE (dollars in thousands)
Estimated Revenue
Recurring
Fund
FY08
FY09
FY10
or Non-Rec
Affected
(498.0) Recurring General Fund
498.0 Recurring City Government
(Parenthesis ( ) Indicate Revenue Decreases)
Duplicates SB164 as amended.
SOURCES OF INFORMATION
LFC Files
Responses Received From
NM Municipal League (NMML)
Department of Finance and Administration (DFA)
New Mexico Corrections Department (NMCD)
SUMMARY
Synopsis of HBIC Amendment
House Business & Industry amendment 502, page 1, line 25, strike “seventy-five thousand
dollars ($75,000)" and insert in lieu thereof “forty-one thousand five hundred dollars ($41,500)"
On page 2, line 2, after “to", strike the remainder of the line, strike all of lines 3 and 4 and strike
line 5 up to the period and insert in lieu thereof “a municipality that is located in a class A county
and that has a population of more than thirty thousand but less than sixty thousand according to
the most recent federal decennial census".
Synopsis of Original Bill
House Bill 502, Relating to Taxation; Providing for a Distribution of Liquor Excise Tax
Revenues to Certain Municipalities for the Treatment of Street Inebriates, would provide a
distribution of $75 thousand per month, or $900 thousand annually, from the net receipts of the
liquor excise tax to municipalities that spent more than $2 million of municipal funds for alcohol
treatment and rehabilitation services for street inebriates for the prior fiscal year.