0001|                         HOUSE BILL 458
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0002|     42ND LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION,
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0003|     1996
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0004|                         INTRODUCED BY
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0005|                      HENRI KIKI SAAVEDRA
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0006|     
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0007|                                
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0008|     
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0009|     
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0010|     
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0011|                             AN ACT
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0012|     RELATING TO TAXATION; EXEMPTING CERTAIN ACTIVITIES AT
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0013|     INSTITUTIONS OF HIGHER EDUCATION FROM IMPOSITION OF THE
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0014|     GOVERNMENTAL GROSS RECEIPTS TAX; AMENDING A SECTION OF THE GROSS
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0015|     RECEIPTS AND COMPENSATING TAX ACT.
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0016|     
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0017|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0018|       Section 1.  Section 7-9-3.2 NMSA 1978 (being Laws 1991,
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0019|     Chapter 8, Section 1, as amended) is amended to read:
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0020|       "7-9-3.2.  ADDITIONAL DEFINITION.--As used in the Gross
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0021|     Receipts and Compensating Tax Act, "governmental gross receipts"
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0022|     means all receipts of the state <s>[of New Mexico]</s> or any agency,
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0023|     institution, instrumentality or political subdivision thereof
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0024|     from:
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0025|            A.  the sale of tangible personal property other than
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0001|     water from facilities open to the general public;
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0002|            B.  the performance of or admissions to recreational,
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0003|     athletic or entertainment services or events in facilities,
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0004|     <u>except facilities of institutions of higher education</u>, open to
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0005|     the general public;
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0006|            C.  refuse collection, refuse disposal or both;
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0007|            D.  sewage services; and
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0008|            E.  the sale of water by a utility owned or operated
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0009|     by a county, municipality or other political subdivision of the
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0010|     state.
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0011|       "Governmental gross receipts" includes receipts from the
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0012|     sale of tangible personal property handled on consignment when
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0013|     sold from facilities open to the general public but excludes
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0014|     cash discounts taken and allowed, governmental gross receipts
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0015|     tax payable on transactions reportable for the period and any
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0016|     type of time-price differential."
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0017|       Section 2.  EFFECTIVE DATE.--The effective date of the
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0018|     provisions of this act is July 1, 1996.
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0019|                              
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