Bill > HB63

This bill, the Local Option Fuel Tax, makes the following key changes: - Renames the "County and Municipal Gasoline Tax Act" to the "County and Municipal Fuels Tax Act" and grants all counties and municipalities the authority to impose a tax on retail sales of gasoline and special fuel (diesel, biodiesel, etc.) within their jurisdictions. - Changes the permitted uses of the tax proceeds to include public bridge or highway projects, such as construction, reconstruction, repair, or maintenance, as well as the payment of bonds issued under the Act. - Provides for local administration and enforcement of the county and municipal fuel taxes, including requirements for taxpayer registration, record-keeping, and procedures for resolving disputes and delinquencies. - Outlines the process for counties and municipalities to adopt ordinances imposing a fuel tax of up to 5 cents per gallon, subject to voter approval in an election. - Repeals several existing provisions related to the county and municipal fuel taxes, including the Special County Hospital Gasoline Tax Act. The bill aims to give counties and municipalities more flexibility and control over fuel tax revenues to fund local transportation infrastructure projects.

Budget and Finance, Government Affairs, Justice, Transportation and Infrastructure

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=63&year=17