FIFTY-FOURTH LEGISLATURESB 166 /a
FIRST SESSION, 2019
March 5, 2019
Mr. President:
Your FINANCE COMMITTEE, to whom has been referred
SENATE BILL 166, as amended
has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:
1. On page 1, between lines 16 and 17, insert the following new section:
"SECTION 1. Section 7-1-6.11 NMSA 1978 (being Laws 1983, Chapter 211, Section 16, as amended by Laws 2017, Chapter 34, Section 2 and by Laws 2017, Chapter 63, Section 9) is amended to read:
"7-1-6.11. DISTRIBUTIONS OF CIGARETTE TAXES.--
A. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the comprehensive cancer center at the university of New Mexico health sciences center in an amount equal to [eighty-three] seventy-one hundredths percent of the net receipts, exclusive of penalties and interest, attributable to the cigarette tax.
B. A distribution pursuant to Section 7-1-6.1 NMSA 1978 in an amount equal to [eight and eighty-nine] seven and fifty-two hundredths percent of the net receipts, exclusive of penalties and interest, attributable to the cigarette tax, shall be made, on behalf of and for the benefit of the university of New Mexico health sciences center, to the New Mexico finance authority.
C. A distribution pursuant to Section 7-1-6.1 NMSA 1978 in an amount equal to three and [seventy-four] seventeen hundredths percent of the net receipts, exclusive of penalties and interest, attributable to the cigarette tax shall be made to the New Mexico finance authority for land acquisition and the planning, designing, construction and equipping of department of health facilities or improvements to such facilities.
D. A distribution pursuant to Section 7-1-6.1 NMSA 1978 in an amount equal to [nine and seventy-seven] eight and twenty-six hundredths percent of the net receipts, exclusive of penalties and interest, attributable to the cigarette tax shall be made to the New Mexico finance authority for deposit in the credit enhancement account created in the authority.
E. A distribution pursuant to Section 7-1-6.1 NMSA 1978 in an amount equal to [sixty-two] fifty-three hundredths percent of the net receipts, exclusive of penalties and interest, attributable to the cigarette tax shall be made, on behalf of and for the benefit of the rural county cancer treatment fund, to the New Mexico finance authority."".
2. Renumber succeeding sections accordingly.
1. Strike Senate Corporations and Transportation Committee Amendments 3 and 4.
2. On page 4, between lines 16 and 17, insert the following:
"B. "cigar" means a roll for smoking made wholly or in part of tobacco and weighing greater than four and one-half pounds per thousand;".
3. Reletter the succeeding subsections accordingly.
___________________________________
John Arthur Smith, Chairman
Adopted_______________________ Not Adopted_______________________
(Chief Clerk) (Chief Clerk)
Date ________________________
The roll call vote was 11 For 0 Against
Yes: 11
No: 0
Excused: Candelaria
Absent: None
SB0166FC1.wpd .214396.1
.214766.1