Bill > HB176

This bill expands the permissible uses of revenue from the Municipal Environmental Services Gross Receipts Tax to include other types of infrastructure, and renames the tax the "Municipal Infrastructure and Environmental Services Gross Receipts Tax". The bill allows municipalities to use the tax revenue for the acquisition, construction, operation, and maintenance of not just solid waste facilities, but also water facilities, wastewater facilities, sewer systems, infrastructure necessary for stormwater runoff control, and related facilities. The bill also increases the maximum tax rate that certain smaller municipalities can impose from one-sixteenth of one percent to one-half of one percent of gross receipts.

Budget and Finance, Government Affairs, Transportation and Infrastructure

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=176&year=17