summary
Introduced
01/19/2021
01/19/2021
In Committee
03/09/2021
03/09/2021
Crossed Over
02/25/2021
02/25/2021
Passed
03/13/2021
03/13/2021
Dead
Signed/Enacted/Adopted
03/13/2021
03/13/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; CHANGING A DISTRIBUTION OF THE MOTOR VEHICLE EXCISE TAX FROM THE LOCAL GOVERNMENTS ROAD FUND TO THE TRANSPORTATION PROJECT FUND.
AI Summary
This bill amends a section of the New Mexico Statutes to change the distribution of the motor vehicle excise tax. Specifically, it decreases the percentage of the tax revenue going to the general fund and the state road fund, and increases the percentage going to the transportation project fund. The effective date of these changes is July 1, 2021.
Committee Categories
Budget and Finance, Government Affairs, Transportation and Infrastructure
Sponsors (1)
Last Action
Signed by Governor - Chapter 22 - Apr. 5 (on 03/13/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=20&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/final/SB0020.pdf |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0020.pdf |
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