February 10, 1999

Mr. Speaker:

Your APPROPRIATIONS AND FINANCE COMMITTEE, to whom has been referred

HOUSE BILL 31

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

1. On page 1, line 12, after the semicolon, strike the remainder of the line and insert in lieu thereof:

"EARMARKING CERTAIN TAX AMNESTY REVENUES FOR THE TAXATION AND REVENUE INFORMATION MANAGEMENT SYSTEMS PROJECT; MAKING APPROPRIATIONS.".

2. On page 1, line 16, strike "APPROPRIATION" and insert in lieu thereof "DISTRIBUTION OF REVENUES--APPROPRIATIONS".

3. On page 2, strike lines 18 through 23 and insert in lieu thereof:

"D. Upon deposit into the tax administration suspense fund of tax revenue identified specifically as revenue from taxes paid during the amnesty period attributable to the provisions of this section, and after all necessary distributions and transfers as provided by law, except to the general fund, have been made pursuant to Section 7-1-6.1 NMSA 1978, the first two hundred thousand dollars ($200,000) of the remaining amount shall be distributed to the general fund and the remainder, notwithstanding the provisions of Section 7-1-6.1 NMSA 1978, shall be transferred to the taxation and revenue department and is appropriated for expenditure by the department for the taxation and revenue information management systems project; provided that when the total amount transferred pursuant to this subsection reaches fifteen million dollars ($15,000,000), the remaining revenue from taxes paid during the amnesty period attributable to the provisions of this section shall be distributed pursuant to the provisions of Section 7-1-6.1 NMSA 1978.".

4. On page 2, line 25, strike "2000" and insert in lieu thereof "2001".

Respectfully submitted,

Max Coll, Chairman

Adopted Not Adopted

(Chief Clerk) (Chief Clerk)

The roll call vote was 14 For 0 Against

Yes: 14

Excused: Heaton, Marquardt, Watchman

Absent: None

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