HOUSE BILL 604
51st legislature - STATE OF NEW MEXICO - first session, 2013
INTRODUCED BY
Roberto "Bobby" J. Gonzales
AN ACT
RELATING TO TAXATION; INCREASING THE RATE OF THE GASOLINE TAX AND THE SPECIAL FUEL EXCISE TAX.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. Section 7-13-3 NMSA 1978 (being Laws 1971, Chapter 207, Section 3, as amended) is amended to read:
"7-13-3. IMPOSITION AND RATE OF TAX--DENOMINATION AS "GASOLINE TAX".--
A. For the privilege of receiving gasoline in this state, there is imposed an excise tax at a rate provided in Subsection B of this section on each gallon of gasoline received in New Mexico.
B. The tax imposed by Subsection A of this section shall be:
(1) on or before June 30, 2013, seventeen cents ($.17) per gallon received in New Mexico; and
(2) on and after July 1, 2013, twenty-two cents ($.22) per gallon received in New Mexico.
C. The tax imposed by this section may be called the "gasoline tax"."
SECTION 2. Section 7-16A-3 NMSA 1978 (being Laws 1992, Chapter 51, Section 3, as amended) is amended to read:
"7-16A-3. IMPOSITION AND RATE OF TAX--DENOMINATION AS SPECIAL FUEL EXCISE TAX.--
A. For the privilege of receiving or using special fuel in this state, there is imposed an excise tax at a rate provided in Subsection B of this section on each gallon of special fuel received in New Mexico.
B. The tax imposed by Subsection A of this section shall be:
(1) on or before June 30, 2013, twenty-one cents ($.21) per gallon of special fuel received or used in New Mexico; and
(2) on and after July 1, 2013, twenty-six cents ($.26) per gallon of special fuel received or used in New Mexico.
C. The tax imposed by this section may be called the "special fuel excise tax"."
SECTION 3. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2013.