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; 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 increases the cigarette tax rates and the tobacco products tax rate, including e-cigarettes in the definition of "tobacco products" under the Tobacco Products Tax Act. The new revenue from these increases will be distributed to the general fund. The bill also makes conforming changes to related sections of the New Mexico Statutes Annotated.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
House Taxation and Revenue Committee (08:30 2/10/2017 Room 317) (on 02/10/2017)
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=H&legtype=B&legno=282&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/house/HB0282.pdf |
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