Bill > SB183

This bill enacts the County Hospital and Public Safety Gross Receipts Tax, which allows the governing body of a qualifying county to impose a 0.5% excise tax on businesses operating in the county. The revenue from this tax must be used to pay for gross receipts tax bonds for hospital and public safety capital projects in the county, and the tax can only be imposed for up to ten years. The tax must be approved by a majority of voters in the county before it can be implemented. The bill defines "capital projects" and specifies the characteristics of the qualifying county. The effective date of the provisions is July 1, 2022.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=183&year=22