summary
Introduced
01/18/2022
01/18/2022
In Committee
Crossed Over
Passed
Dead
02/17/2022
02/17/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; CLARIFYING THAT RECEIPTS FROM THE SALE OF TICKETS OR SERVICES FOR TRANSPORTING ANY PERSON INTO OR NEAR SPACE MAY NOT BE DEDUCTED PURSUANT TO A GROSS RECEIPTS TAX DEDUCTION FOR CERTAIN SPACE AND SPACEPORT SERVICES.
AI Summary
This bill clarifies that receipts from the sale of tickets or services for transporting any person into or near space cannot be deducted from the New Mexico gross receipts tax under the existing deduction for certain space and spaceport services. The bill maintains the existing deductions for receipts from launching, operating, or recovering space vehicles or payloads (except for person transportation), preparing payloads, operating a spaceport, and providing research and development services for the United States Air Force's Operationally Responsive Space Program.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
House Commerce & Economic Development Committee (13:30 1/31/2022 Room 317) (on 01/31/2022)
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=72&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/house/HB0072.pdf |
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