SENATE BILL 1049

47th legislature - STATE OF NEW MEXICO - first session, 2005

INTRODUCED BY

Leonard Lee Rawson

AN ACT

RELATING TO TAXATION; PROVIDING FOR A GROSS RECEIPTS TAX DEDUCTION FOR RECEIPTS OF SPOUSES OF MEMBERS OF THE UNITED STATES ARMED FORCES ON ACTIVE DUTY WITH RESPECT TO THE PROVISION OF CHILD CARE SERVICES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     Section 1. A new section of the Gross Receipts and Compensating Tax Act is enacted to read:

     "[NEW MATERIAL] DEDUCTION--GROSS RECEIPTS TAX--CHILD CARE SERVICES BY SPOUSES OF CERTAIN MEMBERS OF THE UNITED STATES ARMED FORCES.--Receipts from providing a child care service may be deducted from gross receipts if the person who provides the child care service is a spouse of a member of the United States armed forces on active duty."

     Section 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2005.

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