FIFTY-FIRST LEGISLATURESB 263/a
SECOND SESSION, 2014
February 13, 2014
Mr. President:
Your FINANCE COMMITTEE, to whom has been referred
SENATE BILL 263
has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:
1. On page 10, between lines 20 and 21, insert the following new section to read:
"SECTION 5. TEMPORARY PROVISION--ORDINANCE ENACTED PURSUANT TO PRIOR VERSION OF SECTION 7-24-10 NMSA 1978--CONTINUED EFFECT.--An ordinance enacted or amended by the governing body of a county pursuant to that version of Section 7-24-10 NMSA 1978 in effect prior to July 1, 2014 and imposing an excise tax at a rate not to exceed six percent shall continue to remain in effect for a period of not more than three years from the effective date of the ordinance or amendment.".
2. Renumber the succeeding section accordingly.
___________________________________
John Arthur Smith, Chairman
Adopted_______________________ Not Adopted_______________________
(Chief Clerk) (Chief Clerk)
Date ________________________
The roll call vote was 8 For 1 Against
Yes: 8
No: Smith
Excused: Morales
Absent: None
SB0263FC1.wpd .196762.1