summary
Introduced
01/17/2023
01/17/2023
In Committee
01/27/2023
01/27/2023
Crossed Over
Passed
Dead
03/18/2023
03/18/2023
Introduced Session
2023 Regular Session
Bill Summary
Energy Facilities Bonds And Gross Receipts
AI Summary
This bill amends the Industrial Revenue Bond Act and the County Industrial Revenue Bond Act to include energy storage facilities as eligible projects for the issuance of industrial revenue bonds by municipalities and counties. It also adds a gross receipts tax deduction for the sale of energy storage equipment to governments for the purpose of installing renewable energy storage facilities, in addition to the existing deductions for wind and solar generation equipment. The bill provides an effective date of July 1, 2023.
Committee Categories
Agriculture and Natural Resources
Sponsors (2)
Last Action
House Taxation & Revenue Committee (08:30:00 2/6/2023 Room 317) (on 02/06/2023)
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=23 |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/bills/house/HB0067.pdf |
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