summary
Introduced
01/29/2017
01/29/2017
In Committee
01/29/2017
01/29/2017
Crossed Over
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; NARROWING THE DEFINITION OF "FOOD" IN THE DEDUCTION FROM GROSS RECEIPTS FOR THE SALE OF FOOD AT A RETAIL FOOD STORE.
AI Summary
This bill narrowly defines "food" for the purposes of the deduction from gross receipts for the sale of food at a retail food store. Specifically, it limits the deduction to only cover food approved for the federal Women, Infants, and Children (WIC) program, flour tortillas, and unprocessed meat, poultry, and fish. The bill also updates the definition of "retail food store" to align with the federal Supplemental Nutrition Assistance Program (SNAP). The changes take effect on January 1, 2018.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
[LD 13] Referred to Senate Corporations & Transportation (on 01/29/2017)
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=441&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/senate/SB0441.pdf |
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