Bill > HB32

This bill provides a gross receipts tax and governmental gross receipts tax deduction for the sale of feminine hygiene products, which are defined as tampons, menstrual pads, sanitary napkins, pantiliners, menstrual sponges, and menstrual cups. The bill requires taxpayers claiming the deduction to report the amount separately and directs the state's taxation department to compile an annual report on the deduction, including the number of taxpayers who claimed it, the total amount deducted, and an analysis of the cost of the deduction. The bill's provisions are effective starting July 1, 2022.

Budget and Finance, Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=32&year=22