AN ACT

RELATING TO TAXATION; PROVIDING A DEDUCTION FROM GROSS

RECEIPTS FOR RECEIPTS FROM ADMISSIONS TO NONATHLETIC SPECIAL

EVENTS AT CERTAIN POST-SECONDARY EDUCATIONAL INSTITUTIONS.

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:

"DEDUCTION--GROSS RECEIPTS--NONATHLETIC SPECIAL EVENT AT

POST-SECONDARY EDUCATIONAL INSTITUTION.--Receipts received

from July 1, 2007 through June 30, 2012 from admissions to a

nonathletic special event held at a venue that is located on

the campus of a post-secondary educational institution within

fifty miles of the New Mexico border and that accommodates at

least ten thousand persons may be deducted from gross

receipts."

HB 143

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