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SB 512: NO LOBBYING FOR FORMER PUBLIC OFFICIALS

An Act Relating To Lobbying; Prohibiting Former Statewide Elected Officials, Former Public Regulation Commissioners, Former Legislators And Former Cabinet Secretaries From Accepting Compensation As Lobbyists For A Period Of Two Years After Their Service; Prohibiting Employers Of Lobbyists From Compensating Former Statewide Elected Officials, Former Public Regulation Commissioners, Former Legislators And Former Cabinet Secretaries As Lobbyists For A Period Of Two Years After Service; Imposing A Penalty.

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MILD SB 512
NO LOBBYING FOR FORMER PUBLIC OFFICIALS

Legislative URL:
SB 512 on nmlegis.gov
Emergency Clause:
No
Germane:
N/A
Location:
SRC
Action:
[5] SRC/SJC-SRC API.
Issue(s):

Related Legislators

Bill Sponsor:

Related Documents

Downloads:
Introduced
Fiscal Impact Report

Related Events

Upcoming:
Summary

This bill provides tax deductions and credits for purchases between from January 1, 2016 and December 31, 2020 of natural gas motor vehicle equipment and natural gas motor vehicles, including:

  • a gross receipts tax and compensating tax deduction for the purchase and installation of qualified natural gas motor vehicle equipment;
  • a motor vehicle excise tax exemption for the purchase of a motor vehicle that is propelled by natural gas; and
  • a personal or corporate income tax credit of up to 50 percent of the cost of the purchase or lease of a natural gas motor vehicle or the purchase and installation of qualified natural gas motor vehicle equipment.

 

The Senate Corporations and Transportation Committee Substitute for SB 347 is identical to HB 512. It provides tax deductions and credits for purchases between from January 1, 2016 and December 31, 2022 of natural gas motor vehicle equipment and natural gas motor vehicles, including:

  • a gross receipts tax and compensating tax deduction for the purchase and installation of qualified natural gas motor vehicle equipment;
  • a motor vehicle excise tax exemption for the purchase of a new motor vehicle with a gross vehicle weight of more than 14,000 pounds that is certified by the United States Environmental Protection Agency to operate on natural gas fuel with emissions benefits; and
  • a personal or corporate income tax credit of up to 55 percent of the cost of the purchase or lease of a natural gas motor vehicle or the purchase and installation of qualified natural gas motor vehicle equipment.

 

A possible benefit of this bill might be an increase in the use of natural gas to power vehicles on the roads of the state, potentially leading to some improvement in air quality.