Protect New Mexico

Your source for environmental information at the NM legislature

HB 210: POLLUTION CONTROL EQUIPMENT GROSS RECEIPTS

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

LoadingAdd to My Bills

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):

Related Legislators

Bill Sponsor:

Related Documents

Downloads:
Introduced
HGEIC Committee Report
Fiscal Impact Report

Related Events

Upcoming:
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.