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committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports

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

SPONSOR Arnold-Jones

ORIGINAL DATE

LAST UPDATED

1/24/06

HB 381

SHORT TITLE School Bus Special Fuel Tax Refund

SB

ANALYST Francis

REVENUE (dollars in thousands)

Estimated Revenue

Recurring

or Non-Rec

Fund

Affected

FY06

FY07

FY08

NFI

NFI

(Parenthesis ( ) Indicate Expenditure Decreases)

Relates to HB455

SOURCES OF INFORMATION

LFC Files

Taxation and Revenue Department (TRD)

Responses Received From

Taxation and Revenue Department

SUMMARY

Synopsis of Bill

House Bill 381 amends 7-16A-13.1 NMSA 1978, a section that allows school bus operators to

claim a refund for the special fuel excise tax, to include school bus operators who contract with

the public school district directly. Current law only allows operators who contract with the Pub-

lic Education Department to claim the refund. The effective date is July 1, 2006.

FISCAL IMPLICATIONS

TRD reports that there is no fiscal impact since this is primarily clarification language to the

original bill from the 2005 session (HB997) where the intent was to include these operators. The

amendment makes the statute conform to current practice and intent of the original legislation.

CONFLICT, DUPLICATION, COMPANIONSHIP, RELATIONSHIP

Relates to HB455 which provides a deduction from the gasoline tax for school buses.

NF/mt