summary
Introduced
01/20/2022
01/20/2022
In Committee
02/17/2022
02/17/2022
Crossed Over
02/14/2022
02/14/2022
Passed
Dead
02/17/2022
02/17/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; PROVIDING A DISTRIBUTION OF A CERTAIN AMOUNT OF THE STATE GROSS RECEIPTS TAX IMPOSED ON CERTAIN SERVICES; REQUIRING REPORTING OF THE LOCATION OF THE SELLER WHEN REPORTING GROSS RECEIPTS; MAKING AN APPROPRIATION.
AI Summary
This bill amends existing New Mexico law to provide a distribution of a certain amount of the state gross receipts tax imposed on certain services to municipalities. It requires reporting of the location of the seller when reporting gross receipts, and makes an appropriation to the Taxation and Revenue Department to implement the provisions of the act. Specifically, the bill outlines the distribution of gross receipts tax revenue to municipalities based on the location of the seller for certain services, excluding construction and real estate services. It also modifies the sourcing rules for reporting gross receipts and use tax.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Action Postponed Indefinitely (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=S&legtype=B&legno=137&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/senate/SB0137.pdf |
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