NOTE: As provided in LFC policy, this report is intended only for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used for other purposes.

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F I S C A L I M P A C T R E P O R T

SPONSOR:	Miera		DATE TYPED:	03/04/03		HB	701/aHGUAC
SHORT TITLE:		County Assessor as Defendant in Refund Claims				SB
					ANALYST:		Gilbert

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY03	FY04	FY03	FY04
			NFI		General Fund

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

No Response Received From

Taxation and Revenue Department (TRD)

SUMMARY

Synopsis of HGUAC Amendment

The House Government and Urban Affairs Committee amendment to House Bill 701 makes the following technical correction:

The county assessor (instead of the treasurer) is responsible for sending copies of final orders, pertaining to owners’ claims filed against the county assessor, to the county treasurer and to the director.

Synopsis of Original Bill

House Bill 701 relating to property taxation, amends NMSA 1978, § 7-38-40 to clarify that the county assessor is the defendant for certain tax refund claims. Current language merely states that the county is the defendant in such cases.

Language pertaining to property valuations is also amended in NMSA 1978, § 7-38-40 to specify the Taxation and Revenue Department (TRD), rather than “division”.

RLG/prr:njw