0001| HOUSE BILL 96 | 0002| 43RD LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 1998 | 0003| INTRODUCED BY | 0004| ANNA MARIE CROOK | 0005| | 0006| | 0007| | 0008| | 0009| | 0010| AN ACT | 0011| RELATING TO TAXATION; ELIMINATING THE LEASED VEHICLE | 0012| SURCHARGE; AMENDING AND REPEALING SECTIONS OF THE LEASED | 0013| VEHICLE GROSS RECEIPTS TAX ACT. | 0014| | 0015| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | 0016| Section 1. Section 7-14A-4 NMSA 1978 (being Laws 1991, | 0017| Chapter 197, Section 8, as amended) is amended to read: | 0018| "7-14A-4. PRESUMPTION OF TAXABILITY.--To prevent evasion | 0019| of the leased vehicle gross receipts tax [and the leased | 0020| vehicle surcharge] and to aid in [their] its | 0021| administration, it is presumed that all receipts of a person | 0022| engaging in business are subject to the leased vehicle gross | 0023| receipts tax [and that all vehicles leased by that person are | 0024| subject to the leased vehicle surcharge]." | 0025| Section 2. Section 7-14A-6 NMSA 1978 (being Laws 1991, | - 1 - 0001| Chapter 197, Section 10, as amended) is amended to read: | 0002| "7-14A-6. DATE PAYMENT DUE.--The tax [and the | 0003| surcharge] imposed by the Leased Vehicle Gross Receipts Tax | 0004| Act [are] is | 0005| to be paid on or before the twenty-fifth day of the month | 0006| following the month in which the taxable event occurs." | 0007| Section 3. Section 7-14A-11 NMSA 1978 (being Laws 1991, | 0008| Chapter 197, Section 15, as amended) is amended to read: | 0009| "7-14A-11. ADMINISTRATION.-- | 0010| A. The department shall interpret the provisions | 0011| of the Leased Vehicle Gross Receipts Tax Act. | 0012| B. The department shall administer and enforce the | 0013| collection of the leased vehicle gross receipts tax [and the | 0014| leased vehicle surcharge], and the Tax Administration Act | 0015| applies to the administration and enforcement of the tax [and | 0016| the surcharge]." | 0017| Section 4. REPEAL.--Section 7-14A-3.1 NMSA 1978 (being | 0018| Laws 1993, Chapter 359, Section 1) is repealed. | 0019| Section 5. EFFECTIVE DATE.--The effective date of the | 0020| provisions of this act is July 1, 1998. | 0021|  |