summary
Introduced
02/06/2023
02/06/2023
In Committee
Crossed Over
Passed
Dead
03/18/2023
03/18/2023
Introduced Session
2023 Regular Session
Bill Summary
Dyed Diesel Fuel Gross Receipts
AI Summary
This bill amends the existing law to exempt from the gross receipts tax and the compensating tax the receipts from selling and using special fuel (diesel) that has been dyed in accordance with federal regulations and used for agricultural purposes. The bill also updates the references to the relevant tax statutes by including the new section 7-16B-4 NMSA 1978, which was recently added to the law. The bill has an effective date of July 1, 2023.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
Senate Tax, Business and Transportation Committee (00:00:00 2/28/2023 Room 321) (on 02/28/2023)
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=S&legtype=B&legno=360&year=23 |
| BillText | https://www.nmlegis.gov/Sessions/23%20Regular/bills/senate/SB0360.pdf |
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