summary
Introduced
01/18/2022
01/18/2022
In Committee
02/15/2022
02/15/2022
Crossed Over
02/08/2022
02/08/2022
Passed
02/15/2022
02/15/2022
Dead
Signed/Enacted/Adopted
03/08/2022
03/08/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; EXTENDING THE TECHNOLOGY READINESS GROSS RECEIPTS TAX CREDIT; REPEALING THE TECHNOLOGY READINESS GROSS RECEIPTS TAX CREDIT FUND; REPEALING THE CREDIT'S DELAYED REPEAL.
AI Summary
This bill extends the Technology Readiness Gross Receipts Tax Credit, which allows national laboratories in New Mexico to claim a tax credit for providing technology readiness assistance to businesses in the state. The bill repeals the Technology Readiness Gross Receipts Tax Credit Fund and the delayed repeal of the credit, making it a permanent program. The bill also requires national laboratories claiming the credit to coordinate their efforts, submit annual reports, and implement improvements to their technology readiness assistance programs as directed by the state's Department of Taxation and Department of Economic Development.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (3)
Last Action
Signed by Governor - Chapter 45 - Mar. 8 (on 03/08/2022)
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=67&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/final/HB0067.pdf |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/house/HB0067.pdf |
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