State of New Mexico
                      House of Representatives
  
                      FORTY-THIRD LEGISLATURE
                        FIRST SESSION, 1997
  
  
                                                    March 3, 1997
  
  
  Mr. Speaker:
  
       Your TAXATION AND REVENUE COMMITTEE, to whom has
  been referred
  
                        HOUSE BILL 244
  
  has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
  
       1.  On page 1, line 24, after "interest" insert ", privilege".
  
       2.  On page 3, line 7, before "or" insert ", privilege tax".
  
       3.  On page 3, line 15, after "valorem" insert ", possessory
  interest".
  
       4.  On page 4, between lines 12 and 13, insert the following
  new subsection:
  
            "H.  As used in this section, "coal resource excise tax"
  means any tax imposed on coal pursuant to the Resources Excise Tax
  Act.".,
  
  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:  Gonzales, Lujan
            Absent:   None
  
  
  .115980.1
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