summary
Introduced
01/21/2017
01/21/2017
In Committee
01/24/2017
01/24/2017
Crossed Over
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO MUNICIPALITIES; PROHIBITING A MUNICIPALITY FROM IMPOSING AN EXCISE TAX ON FOOD OR BEVERAGES.
AI Summary
This bill prohibits municipalities in New Mexico from imposing any excise tax, including sales tax, gross receipts tax, or taxes on specific products and services like tobacco, liquor, food, beverages, motor fuels, and motor vehicles. However, municipalities can impose excise taxes on other specific products and services if those are named in the ordinance and approved by a majority vote. The bill also clarifies that the prohibition does not apply to license fees authorized under existing state law.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
[LD 8] Referred to House Business & Industry (on 01/24/2017)
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=430&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/house/HB0430.pdf |
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