Bill > SB416

This bill amends the existing law to exclude "minimal-to-no nutritional value food" from the deduction for the sale of food at retail food stores. The bill defines "minimal-to-no nutritional value food" as sweetened beverages, prepackaged and non-prepackaged snacks high in salt, saturated fat, and sugar, including baked and fried foods, candy, frozen desserts, pastries, pudding and gelatin-based desserts, snack chips and crisps, and sweets. The bill requires the Taxation and Revenue Department to promulgate rules implementing these provisions, and the effective date of the bill is January 1, 2018.

Transportation and Infrastructure

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=416&year=17