State of New Mexico
                    House of Representatives
  
                    FORTY-SECOND LEGISLATURE
                      SECOND SESSION, 1996
  
  
                                               February 5, 1996
  
  
  Mr. Speaker:
  
     Your TAXATION AND REVENUE COMMITTEE, to whom has
  been referred
  
                         HOUSE BILL 419
                                 
  has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
  
     1.  On page 1, line 12, before the period insert "; DECLARING
  AN EMERGENCY".
  
     2.  On page 1, line 24, strike "only once".
  
     3.  On page 1, line 25, remove the brackets and line-through
  and strike "five".
  
     4.  On page 2, line 1, after the period insert "The tax may be
  imposed for an additional period not to exceed three years from the
  date of the ordinance imposing the tax for that period.".
  
     5.  On page 2, between lines 16 and 17, insert the following
  new section:
  
     "Section 3.  EMERGENCY.--It is necessary for the public peace,
  health and safety that this act take effect immediately.".,
  
  and thence referred to the APPROPRIATIONS AND FINANCE
  COMMITTEE.
                                   
                              Respectfully submitted,
  
  
  
                                                               
                              Jerry W. Sandel, Chairman
  
  
  Adopted                          Not Adopted                       
          (Chief Clerk)                       (Chief Clerk)
  
                       Date             
  
  The roll call vote was 11  For 0  Against
  Yes:         11
  Excused:     Lovejoy, Stell
  Absent: None
  
  
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  H0419TR1