State of New Mexico
                      House of Representatives
  
                      FORTY-THIRD LEGISLATURE
                        FIRST SESSION, 1997
  
  
                                                February 28, 1997
  
  
  Mr. Speaker:
  
       Your TAXATION AND REVENUE COMMITTEE, to whom has
  been referred
  
                       HOUSE BILL 1112
                               
  has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
  
       1.  On page 2, line 1, strike "in" and insert in lieu thereof
  "for".
  
       2.  On page 2, line 2, strike "application" and insert in lieu
  thereof "determination".
  
       3.  On page 2, line 2, after "made" insert "of eligibility".
  
       4.  On page 2, line 12, strike "application" and insert in
  lieu thereof "determination".
  
       5.  On page 2, line 13, strike "either or both" and insert in
  lieu thereof "one or more".
  
       6.  On page 2, line 13, strike "two" and insert in lieu
  thereof "three".
  
       7.  On page 2, line 14, strike "application" and insert in
  lieu thereof "the determination".
  
       8.  On page 4, line 8, strike "each" and insert in lieu
  thereof  "a".
  
       9.  On page 4, line 9, after "is" insert "first".
  
       10.  On page 4, line 9, strike "his" and insert in lieu
  thereof "the".
  
       11.  On page 4, line 9, before the period insert "or in a tax
  year immediately subsequent to a tax year in which the land was not
  valued under this section".
  
  
       12.  On page 4, line 13, after the period strike the remainder
  of the line and strike all of lines 14 through 25 and on page 5,
  strike all of lines 1 through 8, and insert in lieu thereof:
  
  "Once land is valued under this section, application need not be
  made in subsequent tax years as long as there is no change in the
  use of the land.
  
            G.  The owner of land valued under this section shall
  report to the county assessor whenever the use of the land changes
  so that it is no longer being used primarily for agricultural
  purposes.  This report shall be made on a form prescribed by
  department regulations and shall be made by the last day of February
  of the tax year immediately following the year in which the change
  in the use of the land occurs.
  
            H.  Any person who is required to make a report under the
  provisions of Subsection G of this section and who fails to do so is
  personally liable for a civil penalty in an amount equal to the
  greater of twenty-five dollars ($25.00) or twenty-five percent of
  the difference between the property taxes ultimately determined to
  be due and the property taxes originally paid for the tax year or
  years for which the person failed to make the required report."".
  
  
  
  
                                Respectfully submitted,
  
  
  
                                                                                               
                                                              Jerry W. Sandel, Chairman
  
  
  Adopted                       Not Adopted                       
            (Chief Clerk)                       (Chief Clerk)
  
                         Date             
  
  The roll call vote was 10  For 0  Against
  Yes:      10
            Excused:  Gonzales, Lovejoy, Ryan
            Absent:   None
  
  
  .117937.1
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