Bill > SB26

This bill provides a gross receipts tax and compensating tax deduction for the purchase or lease of data center equipment by the owner, operator, or qualified co-location tenant of a qualified data center in New Mexico. It also creates a special method of valuation for property tax purposes for data system plants and data center systems, where the value is set at 5% of the original cost regardless of age. The purpose of these provisions is to encourage the construction and development of qualified data centers in New Mexico. The bill defines key terms like "data center," "data center equipment," and "qualified data center," and outlines the requirements and procedures for obtaining the data center deduction.

Budget and Finance

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=26&year=21