FORTY-SECOND LEGISLATURE               SB 8/a
                       SECOND SESSION, 1996
  
  
                                                  January 29, 1996
  
  Mr. President:
  
    Your WAYS AND MEANS COMMITTEE, to whom has been referred
  
                           SENATE BILL 8
  
  has had it under consideration and reports same with recommendation
  that it DO PASS, amended as follows:
  
    1.  On page 13, strike all of lines 15 through 25 and on page
  14, strike all of line 1 and insert in lieu thereof the following:
  
        "(3)  information and documents obtained in connection
  with the department's audit of a taxpayer or a taxpayer's protest of
  an audit, including correspondence, audit workpapers and confidential
  documents produced by the taxpayer in the course of the audit or
  protest but excluding the final determination of taxable volumes and
  values that should have been reported, shall not be released except
  to:
  
          (a)  the minerals management service of the United
  States department of the interior with respect to production on
  federal land unless the taxpayer designates data as proprietary
  during the course of an audit, in which case such data shall not be
  released to the minerals management service without the prior
  approval of the taxpayer;
  
          (b)  a person against whom an assessment, demand
  or notice of potential liability has been made by the department and
  whose oil and gas liability with respect to that assessment, demand
  or notice was paid, or should have been paid, by the audited taxpayer
  for any part of the period audited, but only information with respect
  to that liability;".
    
    2.  On page 14, line 10, strike "proprietary information
  contained in the workpapers" and insert in lieu thereof
  "information".
  
    3.  On page 23 and page 24, strike Section 5 in its entirety and
  renumber succeeding sections accordingly.,
  
  and thence referred to the FINANCE COMMITTEE. 
        
                 Respectfully submitted,
  
  
  
                 __________________________________
                 TITO D. CHAVEZ, Chairman 
  
  
  
  Adopted_______________________ Not Adopted_______________________
            (Chief Clerk)                          (Chief Clerk)
  
  
                    Date ________________________
  
  
  The roll call vote was  4  For  1  Against
  Yes:  4
  No:     Rawson
  Excused:   Romero, Campos, Weiner.Absent:  0
  
  
  
  
  
  S008WM1