HB 288: BIODIESEL TAX DEDUCTION

An Act Relating To Taxation; Providing A Deduction For Certain Biodiesel For Subsequent Blending Or Resale By A Rack Operator.

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MILD HB 288
BIODIESEL TAX DEDUCTION

Legislative URL:

HB 288 on nmlegis.gov

Emergency Clause:

No

Germane:

N/A

Location:

Signed

Action:

[7] HTPWC/HTRC-HTPWC [13] DP/a-HTRC- DP - fl/a- PASSED/H (58-0) [15] SFC [17] w/drn [19] PASSED/S (40-0) SGND BY GOV (Mar. 5) Ch. 18.

Issue(s):

Energy

Companion Bills

Bills:

BIODIESEL TAX DEDUCTION

Related Legislators

Bill Sponsor:

Roberto “Bobby” Gonzales

Related Documents

Downloads:

Introduced
HTPWC Committee Report
HTRC Committee Report
House Floor Amendment 1
Final House Vote
House Floor Amendment 1
Final House Vote
Fiscal Impact Report
Final Version

Summary

The measure provides for a deduction for biodiesel that is for subsequent blending or resale by a rack operator in calculating the “petroleum products loading fee.”

This bill might have the effect of encouraging the use of biodiesel through this deduction.

This bill is a companion bill to SB 233.

Date of Summary:  1/31/2014

Outcome:

HB 288 passed the House (58-0) and passed the Senate (40-0) and was signed by the Governor on March 5, 2014.

Updated 7/31/14