Bill > HB219

This bill amends the Gross Receipts and Compensating Tax Act by clarifying the definition of "governmental gross receipts," which refers to income received by the state or its political subdivisions. Specifically, it adds language to ensure that receipts from recreational, athletic, or entertainment services or events are only considered "governmental gross receipts" if they occur *in New Mexico*, and it also includes receipts from the sale of tangible personal property handled on consignment from public facilities. The bill also clarifies that "governmental gross receipts" does not include cash discounts, the gross receipts tax itself, or time-price differentials.