March 15, 1999

Mr. Speaker:

Your TAXATION AND REVENUE COMMITTEE, to whom has been referred

SENATE BILL 677, as amended

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

1. On page 1, line 14, after the semicolon strike the remainder of the line and strike all of line 15.

2. On page 5, line 1, after "1986" strike the remainder of the line, strike all of lines 2 through 8, strike line 9 up to the semicolon and insert in lieu thereof "and Article 9, Section 11 of the constitution of New Mexico".

3. On page 7, line 25 and page 8, lines 1 through 17, strike Section 6 in its entirety.

4. Renumber the succeeding section accordingly.

Respectfully submitted,

Jerry W. Sandel, Chairman

Adopted Not Adopted

(Chief Clerk) (Chief Clerk)

The roll call vote was 12 For 1 Against

Yes: 12

No: Silva

Excused: Lujan, Russell

Absent: None

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