0001|                        SENATE BILL 641
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0002|     42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION,
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0003|     1996
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0004|                         INTRODUCED BY
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0005|                       RICHARD M. ROMERO
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0006|     
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0007|                                
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0008|     
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0009|     
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0010|     
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0011|                             AN ACT
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0012|     RELATING TO TAXATION; EXEMPTING CERTIFIED SCHOOL INSTRUCTORS
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0013|     FROM CERTAIN INCOME TAX LIABILITY.
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0014|     
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0015|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0016|       Section 1.  A new Section 7-2-5.7 NMSA 1978 is enacted to
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0017|     read:
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0018|       "7-2-5.7.  [<u>NEW MATERIAL</u>]  EXEMPTION--CERTIFIED SCHOOL
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0019|     INSTRUCTOR.--Income earned by a certified school instructor from
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0020|     employment by a school district in an instructional position for
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0021|     which such certification is required under law is exempt from
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0022|     state income tax.  As used in this section, "certified school
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0023|     instructor" and "school district" mean those terms as defined by
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0024|     the Public School Code."
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0025|       Section 2.  EFFECTIVE DATE.--The effective date of the
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0001|     provisions of this act is January 1, 1997.
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0002|         .109637.1    
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0003|   
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0004|                    FORTY-SECOND LEGISLATURE
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0005|                      SECOND SESSION, 1996
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0006|   
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0007|   
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0008|                                              JANUARY 31, 1996
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0009|   
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0010|   Mr. President:
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0011|   
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0012|     Your COMMITTEES' COMMITTEE, to whom has been referred
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0013|   
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0014|                           SENATE BILL 641
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0015|   
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0016|   has had it under consideration and finds same to be GERMANE, PURSUANT
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0017|   TO CONSTITUTIONAL PROVISIONS, and thence referred to the WAYS AND
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0018|   MEANS COMMITTEE.
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0019|   
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0020|                              Respectfully submitted,
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0021|   
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0022|   
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0023|   
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0024|   
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0025|                              __________________________________
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0001|                              SENATOR MANNY M. ARAGON, Chairman 
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0002|   
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0003|   
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0004|   
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0005|   Adopted_______________________ Not Adopted_______________________
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0006|             (Chief Clerk)                        (Chief Clerk)
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0007|   
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0008|   
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0009|                     Date ________________________
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0010|   
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0011|   
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0012|   
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0013|   S0641CC1
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