summary
Introduced
01/26/2016
01/26/2016
In Committee
02/03/2016
02/03/2016
Crossed Over
Passed
Dead
02/18/2016
02/18/2016
Introduced Session
2016 Regular Session
Bill Summary
Private Hunting Land Sales Gross Receipts
AI Summary
This bill creates a new exemption from the gross receipts tax, which is a tax on the total amount of gross income received by persons engaging in business in New Mexico. Specifically, this exemption applies to money received from selling access to private land for the purpose of hunting or fishing, meaning landowners will no longer have to pay this tax on income generated from these types of sales. The exemption will take effect on July 1, 2016.
Committee Categories
Budget and Finance, Transportation and Infrastructure
Sponsors (1)
Last Action
[LD 16] Action postponed indefinitely (on 02/03/2016)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=294&year=16 |
| BillText | http://www.nmlegis.gov/Sessions/16%20Regular/bills/senate/SB0294.pdf |
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