Protect New Mexico

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HB 301: OUTDOOR WATER CONSERVATION GROSS RECEIPTS

An Act Relating To Taxation; Providing A Limited-period Deduction From Gross Receipts For Outdoor Water-conservation Products.

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MILD HB 301
OUTDOOR WATER CONSERVATION GROSS RECEIPTS

Legislative URL:
HB 301 on nmlegis.gov
Emergency Clause:
No
Germane:
N/A
Location:
HWMC
Action:
[5] HAWC/HWMC-HAWC [12] DP/a-HWMC API.
Issue(s):

Related Legislators

Bill Sponsor:

Related Documents

Downloads:
Introduced
HAWC Committee Report
Fiscal Impact Report

Related Events

Upcoming:
Summary

This bill provides a gross receipts tax deduction for the retail sale of outdoor water-conservation products between March 1 and March 8.

 

On February 16th the House Agriculture, Water & Wildlife Committee amended HB 301 to provide that the outdoor water-conservation products for which the bill provides a gross receipts tax deduction are not limited to products used in “urban” properties.

 

A possible benefit of this bill might be an added incentive for private property owners to reduce their outdoor water consumption through the use of products designed to decrease water waste.