HB 210: POLLUTION CONTROL EQUIPMENT GROSS RECEIPTS

An Act Relating To Taxation; Exempting Pollution-control Equipment From Gross Receipts.

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MILD HB 210
POLLUTION CONTROL EQUIPMENT GROSS RECEIPTS

Legislative URL:

HB 210 on nmlegis.gov

Emergency Clause:

No

Germane:

N/A

Location:

HWMC

Action:

[3] HGEIC/HWMC-HGEIC [11] w/o rec-HWMC API.

Issue(s):

General Interest

Related Legislators

Bill Sponsor:

Conrad James

Related Documents

Downloads:

Introduced
HGEIC Committee Report
Fiscal Impact Report

Related Events

Upcoming:

HOUSE WAYS AND MEANS COMMITTEE 8:30 am

Summary

This bill exempts receipts from the sale of pollution-control equipment from the gross receipts tax.

“Pollution-control equipment” is defined as tangible property that is to be used for the purpose of meeting or exceeding rules adopted by the United States Environmental Protection Agency, the Department of Environment or a political subdivision of the state of New Mexico to prevent, monitor, control or reduce air, water or land pollution.

A possible benefit of this bill might be the facilitated purchase, by reducing the end-user cost, of pollution-control equipment that serves important conservation objectives.