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Bill > HB39


NM HB39

NM HB39
Grt Deduction For Nonathletic Special Events


summary

Introduced
01/18/2022
In Committee
02/15/2022
Crossed Over
02/05/2022
Passed
02/17/2022
Dead
Signed/Enacted/Adopted
03/08/2022

Introduced Session

2022 Regular Session

Bill Summary

AN ACT RELATING TO TAXATION; EXTENDING THE DEDUCTION FROM GROSS RECEIPTS AND GOVERNMENTAL GROSS RECEIPTS FOR NONATHLETIC SPECIAL EVENTS AT POST-SECONDARY EDUCATIONAL INSTITUTIONS.

AI Summary

This bill extends the deduction from gross receipts and governmental gross receipts for nonathletic special events held at post-secondary educational institutions located within 50 miles of the New Mexico border and that can accommodate at least 10,000 people. The deduction is extended until July 1, 2027. The bill also specifies that the effective date of these provisions is July 1, 2022.

Committee Categories

Budget and Finance, Education

Sponsors (1)

Last Action

Signed by Governor - Chapter 50 - Mar. 8 (on 03/08/2022)

bill text


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