0001|                           HOUSE BILL 1166
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0002|     43rd legislature - STATE OF NEW MEXICO - first session, 1997
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0003|                            INTRODUCED BY
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0004|                         JAMES ROGER MADALENA
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0005|     
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0006|                                   
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0007|     
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0008|                                   
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0009|     
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0010|                                AN ACT
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0011|     RELATING TO TAXATION; PROVIDING FOR DISTRIBUTION OF GROSS
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0012|     RECEIPTS TAX TO CERTAIN INDIAN TRIBES AND PUEBLOS; CREATING THE
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0013|     INDIAN TOURISM FUND; MAKING AN APPROPRIATION.
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0014|     
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0015|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0016|          Section 1.  A new section of the Tax Administration Act is
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0017|     enacted to read:
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0018|          "[<u>NEW MATERIAL</u>]  DISTRIBUTION--INDIAN TOURISM FUND.--A
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0019|     distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be
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0020|     made to the Indian tourism fund in an amount equal to one-
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0021|     sixteenth percent of gross receipts, exclusive of penalties and
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0022|     interest."
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0023|          Section 2.  [<u>NEW MATERIAL</u>]  INDIAN TOURISM FUND--
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0024|     CREATED--DISTRIBUTION--USE.--
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0025|               A.  The "Indian tourism fund" is created in the
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0001|     state treasury.  Income from investment of the fund shall be
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0002|     credited to the fund.  Money in the fund shall not revert to
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0003|     the general fund at the end of any fiscal year.  The fund shall
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0004|     be administered by the New Mexico office of Indian affairs. 
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0005|     Disbursements from the fund shall be made on warrant drawn by
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0006|     the secretary of finance and administration pursuant to
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0007|     vouchers signed by the director of the office or his authorized
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0008|     representative.
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0009|               B.  Money in the fund shall be distributed annually
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0010|     to nongaming Indian tribes and pueblos in the percentage the
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0011|     tribe's or pueblo's population bears to the total population of
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0012|     all nongaming Indian tribes and pueblos.
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0013|               C.  The distribution shall be used by the nongaming
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0014|     tribes and pueblos for tourism-related activities and projects
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0015|     or infrastructure development.
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0016|          Section 3.  EFFECTIVE DATE.--The effective date of the
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0017|     provisions of this act is July 1, 1997.
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0018|                              
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