SENATE BILL 294

52nd legislature - STATE OF NEW MEXICO - second session, 2016

INTRODUCED BY

Carlos R. Cisneros

AN ACT

RELATING TO TAXATION; EXEMPTING FROM THE GROSS RECEIPTS TAX THE SALE OF ACCESS TO PRIVATE LAND FOR HUNTING OR FISHING PURPOSES.

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

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

     "[NEW MATERIAL] EXEMPTION--SALE OF ACCESS TO PRIVATE LAND FOR HUNTING OR FISHING.--Receipts from the sale of access to private land made by the landowner are exempt from the gross receipts tax; provided that the purpose of the access is for hunting or fishing."

     SECTION 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2016.

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