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.