SENATE BILL 302

46th legislature - STATE OF NEW MEXICO - first session, 2003

INTRODUCED BY

Manny M. Aragon







AN ACT

RELATING TO TAXATION; REPEALING THE MUNICIPAL CREDIT AGAINST THE GROSS RECEIPTS TAX.



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

Section 1. REPEAL.--Section 7-9-82 NMSA 1978 (being Laws 1986, Chapter 20, Section 68, as amended) is repealed.

Section 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2003.

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