summary
Introduced
01/18/2022
01/18/2022
In Committee
02/15/2022
02/15/2022
Crossed Over
02/04/2022
02/04/2022
Passed
02/17/2022
02/17/2022
Dead
Vetoed
02/17/2022
02/17/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; PROVIDING THAT A GROSS RECEIPTS, SALES OR SIMILAR TAX LEVIED BY CERTAIN TRIBES SHALL BE LIMITED TO A RATE NOT LESS THAN THE TOTAL OF THE GROSS RECEIPTS TAX RATE AND LOCAL OPTION GROSS RECEIPTS TAX RATES IMPOSED WITHIN THE EXTERIOR BOUNDARIES OF THOSE TRIBES.
AI Summary
This bill amends New Mexico law to provide that a gross receipts, sales, or similar tax levied by certain Native American tribes must be limited to a rate not less than the total of the gross receipts tax rate and local option gross receipts tax rates imposed within the exterior boundaries of those tribes. The bill defines key terms such as "pueblo," "tribal land," and "tribe" for the purposes of the tax credit allowed under this section. The bill also specifies an effective date of July 1, 2022 for its provisions.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
Pocket Veto (on 02/17/2022)
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/Legislation/Legislation?chamber=H&legtype=B&legno=15&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/final/HB0015.pdf |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/house/HB0015.pdf |
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