0001|                           SENATE BILL 1109
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0002|     43rd legislature - STATE OF NEW MEXICO - first session, 1997
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0003|                            INTRODUCED BY
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0004|                           SHANNON ROBINSON
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0005|     
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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|                                AN ACT
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0011|     RELATING TO TAXATION; PROVIDING A DEDUCTION FROM GROSS RECEIPTS
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0012|     FOR RECEIPTS FROM SALES OF ALCOHOLIC BEVERAGES AT CERTAIN
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0013|     PUBLIC CELEBRATIONS; ENACTING A NEW SECTION OF THE NMSA 1978.
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0014|     
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0015|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0016|          Section 1.  A new section of the Gross Receipts and
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0017|     Compensating Tax Act is enacted to read:
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0018|          "[<u>NEW MATERIAL</u>]  DEDUCTION--GROSS RECEIPTS TAX--SALES OF
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0019|     ALCOHOLIC BEVERAGES AT PUBLIC CELEBRATIONS.--Receipts from the
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0020|     sale of alcoholic beverages by a holder of a special
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0021|     dispenser's permit issued pursuant to Subsection A of Section
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0022|     60-6A-12 NMSA 1978 may be deducted from gross receipts if:
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0023|               A.  the sales are made at a public celebration as
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0024|     defined in Subsection B of Section 60-6A-12 NMSA 1978;
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0025|               B.  the public celebration is sponsored by and is
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0001|     for the benefit of an organization that demonstrates to the
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0002|     department that it has been granted exemption from the federal
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0003|     income tax by the United States commissioner of internal
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0004|     revenue as an organization described in Section 501(c)(3) of
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0005|     the Internal Revenue Code, as amended or renumbered; and
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0006|                C.   the public celebration is an annual or less
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0007|     frequent event."
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0008|                              
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