summary
Introduced
01/20/2017
01/20/2017
In Committee
01/20/2017
01/20/2017
Crossed Over
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; IMPOSING THE GROSS RECEIPTS TAX ON CARBONATED BEVERAGES BY EXCLUDING CARBONATED BEVERAGES FROM THE DEFINITION OF "FOOD" IN THE DEDUCTION FROM GROSS RECEIPTS FOR THE SALE OF FOOD AT A RETAIL FOOD STORE.
AI Summary
This bill excludes carbonated beverages from the definition of "food" for the purposes of the gross receipts tax deduction for the sale of food at retail food stores. This means that the sale of carbonated beverages at retail food stores will now be subject to the gross receipts tax, rather than being deductible. The bill provides that this change will take effect on July 1, 2017.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
[LD 4] Referred to Senate Corporations & Transportation (on 01/20/2017)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=232&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/senate/SB0232.pdf |
Loading...