FORTY-THIRD LEGISLATURE
                        SECOND SESSION, 1998
  
  
                                                February 15, 1998
  
  
  Mr. Speaker:
  
       Your TAXATION AND REVENUE COMMITTEE, to whom has
  been referred
  
                        HOUSE BILL 17
  
  has had it under consideration and reports same with
  recommendation that it DO PASS, amended as follows:
  
       1.  On page 1, line 25, after "students" strike the remainder
  of the line and on page 2, line 1, strike "program and".
  
       2.  On page 2, lines 7 and 8, strike "who are participants in
  a certified school-to-work program".
  
       3.  On page 2, line 21, before the period insert "in any
  calendar year".
  
       4.  On page 2, line 25, strike "qualifying" and insert in
  lieu thereof "certified".
  
       5.  On page 3, line 12, at the end of the line insert "and
  who are not also employed in the same taxable year by another New
  Mexico business qualifying for the credit provided by this section
  for that taxable year".
  
       6.  On page 5, lines 15 and 16, strike "who are participants
  in a certified school-to-work program".
  
       7.  On page 5, lines 21 and 22, strike "who are participants
  in a certified school-to-work program".
  
       8.  On page 6, line 10, before the period insert "in any
  calendar year".
  
       9.  On page 6, line 14, strike "qualifying" and insert in
  lieu thereof "certified".
  
  
  
  
  
  
       10.  On page 7, line 1, at the end of the line insert "and
  who are not also employed in the same taxable year by another New
  Mexico business qualifying for the credit provided by this section
  for that taxable year".
  
       11.  On page 8, line 13, strike "January 1, 2001" and insert
  in lieu thereof "July 1, 2002".
  
       12.  On page 8,line 15, after "apply" strike the remainder of
  the line and insert in lieu thereof "only to taxable years
  beginning in calendar years 1998 through 2000".
  
  
                                Respectfully submitted,
  
  
  
                                <u>                                 
                                </u>                             Jerry W. Sandel, Chairman
                           
  
                                     Adopted <u>                      </u>   Not Adopted <u>                        </u>
            (Chief Clerk)                      (Chief Clerk)
  
                       Date <u>               </u>
  
  The roll call vote was <u> 12 </u> For <u> 0 </u> Against
  Yes:      12
            Excused:  0
            Absent:   Lovejoy
  
  
  .123406.1
  C:\Reports\H0017TR1