HOUSE BILL 126

44TH LEGISLATURE - STATE OF NEW MEXICO - FIRST SESSION, 1999

INTRODUCED BY

Lisa L. Lutz

AN ACT

RELATING TO TAXATION; EXEMPTING FUNERAL EXPENSES FROM THE GROSS RECEIPTS TAX.

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

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

"[NEW MATERIAL] EXEMPTION--GROSS RECEIPTS TAX--FUNERAL EXPENSES.--Exempted from the gross receipts tax are the receipts from selling tangible personal property or services in connection with funeral services or direct disposition of a dead human body."

Section 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 1999.

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