summary
Introduced
01/20/2017
01/20/2017
In Committee
02/02/2017
02/02/2017
Crossed Over
02/10/2017
02/10/2017
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; INCREASING THE CIGARETTE TAX RATES; INCREASING THE TOBACCO PRODUCTS TAX RATE; INCLUDING E-CIGARETTES IN THE DEFINITION OF "TOBACCO PRODUCTS" IN THE TOBACCO PRODUCTS TAX ACT; DISTRIBUTING THE NEW REVENUE FROM THE INCREASES IN THE CIGARETTE TAX AND THE TOBACCO PRODUCTS TAX TO THE GENERAL FUND; CONFORMING SECTIONS OF THE NMSA 1978.
AI Summary
This bill proposes to increase the cigarette tax rates and the tobacco products tax rate, and include e-cigarettes in the definition of "tobacco products" in the Tobacco Products Tax Act. The new revenue from the increases will be distributed to the general fund. The bill also makes conforming changes to related sections of the New Mexico Statutes Annotated 1978.
Committee Categories
Budget and Finance, Transportation and Infrastructure
Sponsors (9)
Carlos Cisneros (D)*,
Linda López (D)*,
Cisco McSorley (D),
Howie Morales (D),
Jerry Ortiz y Pino (D),
Nancy Rodriguez (D),
Bill Soules (D),
Mimi Stewart (D),
Peter Wirth (D),
Last Action
[LD 12] Referred to House Taxation & Revenue (on 01/28/2017)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=231&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/senate/SB0231.pdf |
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