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| SPONSOR: | Wallace | DATE TYPED: | 3/9/99 | HB | 518/aHBIC | ||
| SHORT TITLE: | Change Club License Fee | SB | |||||
| ANALYST: | Valenzuela | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY99 | FY2000 | FY99 | FY2000 | ||
| $ 0.0 | |||||
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates/Conflicts with/Companion to/Relates to
SOURCES OF INFORMATION
LFC Files
Alcohol and Gaming Division, Regulation and Licensing Department
SUMMARY
Synopsis of HBIC Amendment
The House Business and Industry Committee (HBIC) amendment simply adds an emergency clause to House Bill 518.
Synopsis of Bill
House Bill 518 would reduce the annual license fee for a club license by $1000 from $1250 to $250.
Significant Issues
Currently, the state of New Mexico has 175 club license renewals. The revenue from these license fees is deposited into the general fund. Therefore, the general fund would lose $175.0, annually.
FISCAL IMPLICATIONS
House Bill 518 does not contain an appropriation. Because the bill would decrease the fee by $1000, the general fund would be reduced by $175.0.
MV/njw