March 12, 1999

Mr. Speaker:

Your TAXATION AND REVENUE COMMITTEE, to whom has been referred

HOUSE BILL 737, as amended

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

1. On page 5, line 1, after "1986" strike the remainder of the line, strike all of lines 2 through 8, strike line 9 up to the semicolon and insert in lieu thereof "and Article 9, Section 11 of the constitution of New Mexico".

2. On page 7, line 25 and page 8, lines 1 through 17, strike Section 6 in its entirety.

3. Renumber the succeeding section accordingly.

Respectfully submitted,

Jerry W. Sandel, Chairman

Adopted Not Adopted

(Chief Clerk) (Chief Clerk)

The roll call vote was 15 For 0 Against

Yes: 15

Excused: None

Absent: None

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