summary
Introduced
01/28/2022
01/28/2022
In Committee
02/15/2022
02/15/2022
Crossed Over
02/10/2022
02/10/2022
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; PROVIDING A CREDIT AGAINST THE MOTOR VEHICLE EXCISE TAX FOR A SIMILAR TAX PAID TO AN INDIAN NATION, TRIBE OR PUEBLO.
AI Summary
This bill provides a credit against the New Mexico motor vehicle excise tax for a similar tax paid to an Indian nation, tribe, or pueblo located wholly or partly in New Mexico. Specifically, it allows individuals who purchase a vehicle on reservation or trust land within a New Mexico Indian nation, tribe, or pueblo and pay a gross receipts, sales, or compensating tax to that entity, to claim a credit for the amount of that tax against the New Mexico motor vehicle excise tax due on the same vehicle. This provides tax parity for transactions occurring on tribal lands within the state.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (2)
Last Action
Signed by Governor - Chapter 48 - 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=167&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/final/HB0167.pdf |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/house/HB0167.pdf |
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