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Bill > HB354


NM HB354

NM HB354
Dyed Diesel Fuel Gross Receipts


summary

Introduced
02/08/2023
In Committee
02/15/2023
Crossed Over
Passed
Dead
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 compensating tax the receipts from selling and using special fuel (i.e., dyed diesel) that is used for agricultural purposes. The bill also updates the references to the relevant tax sections in the existing law. The amendments made by this bill will take effect on July 1, 2023.

Committee Categories

Agriculture and Natural Resources

Sponsors (0)

No sponsors listed

Last Action

House Taxation & Revenue Committee (08:30:00 2/22/2023 Room 317) (on 02/22/2023)

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