FORTY-THIRD LEGISLATURE
SECOND SESSION, 1998
February 6, 1998
Mr. Speaker:
Your TAXATION AND REVENUE COMMITTEE, to whom has
been referred
HOUSE BILL 226
has had it under consideration and reports same with
recommendation that it DO PASS, amended as follows:
1. On page 1, between lines 21 and 22, insert the following new
section:
"Section 2. Section 7-1-15 NMSA 1978 (being Laws 1969, Chapter 31,
Section 1, as amended) is amended to read:
"7-1-15. SECRETARY MAY SET TAX REPORTING AND PAYMENT INTERVALS.--The
secretary may, pursuant to regulation, allow taxpayers with an anticipated
tax liability of less than two hundred dollars ($200) a month to report and
pay taxes at intervals which the secretary may specify. However, unless
specifically permitted by law, an interval shall not exceed six months. The
secretary may also allow direct marketers who have entered into an agreement
with the department to collect and remit compensating tax to report and pay
on a quarterly or semi-annual basis."".,
and thence referred to the APPROPRIATIONS AND FINANCE
COMMITTEE.
Respectfully submitted,
Jerry W. Sandel, Chairman
Adopted Not Adopted
(Chief Clerk) (Chief Clerk)
Date
The roll call vote was 10 For 0 Against
Yes: 10
No: 0
Excused: Gonzales, Ryan, Whitaker
Absent: None
.121519
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