SENATE BILL 547

48th legislature - STATE OF NEW MEXICO - first session, 2007

INTRODUCED BY

Cynthia Nava

AN ACT

RELATING TO TAXATION; PROVIDING A PHASED-IN CREDIT FOR THE STATE PORTION OF GROSS RECEIPTS TAX FOR AMBULANCE SERVICE PROVIDERS.

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

     Section 1. A new section of the Tax Administration Act is enacted to read:

     "[NEW MATERIAL] DISTRIBUTION ADJUSTMENT--TAX ADMINISTRATION SUSPENSE FUND--CREDIT FOR RECEIPTS OF HOSPITALS.--Distributions from the tax administration suspense fund to the general fund of net revenue attributable to the gross receipts tax shall be adjusted for the full cost of credits issued pursuant to the Gross Receipts and Compensating Tax Act for receipts of ambulance service providers that have been issued a certificate of authority to operate by the public regulation commission."

     Section 2. A new section of the Gross Receipts and Compensating Tax Act is enacted to read:

     "[NEW MATERIAL] CREDIT--GROSS RECEIPTS TAX--RECEIPTS OF AMBULANCE SERVICE PROVIDERS.--

          A. An ambulance service provider that has been issued a certificate of authority to operate by the public regulation commission may claim a credit for each reporting period against the gross receipts tax due for that reporting period as follows:

                (1) for an ambulance service provider located in a municipality:

                     (a) on or after July 1, 2007 but before July 1, 2008, in an amount equal to one and twenty-six hundredths percent of the provider's taxable gross receipts for that reporting period after all applicable deductions have been taken;

                     (b) on or after July 1, 2008 but before July 1, 2009, in an amount equal to two and fifty-three hundredths percent of the provider's taxable gross receipts for that reporting period after all applicable deductions have been taken; and

                     (c) on or after July 1, 2009, in an amount equal to three and seven hundred seventy-five thousandths percent of the provider's taxable gross receipts for that reporting period after all applicable deductions have been taken; and

                (2) for an ambulance service provider located in the unincorporated area of a county:

                     (a) on or after July 1, 2007 but before July 1, 2008, in an amount equal to one and sixty-five hundredths percent of the provider's taxable gross receipts for that reporting period after all applicable deductions have been taken;

                     (b) on or after July 1, 2008, but before July 1, 2009, in an amount equal to three and thirty-five hundredths percent of the provider's taxable gross receipts for that reporting period after all applicable deductions have been taken; and

                     (c) on or after July 1, 2008, in an amount equal to five percent of the provider's taxable gross receipts for that reporting period after all applicable deductions have been taken.

          B. For the purposes of this section, "ambulance service provider" means a provider of 911 emergency and non-emergency ambulance services and transport services."

     Section 3. APPLICABILITY.--The provisions of Section 2 of this act apply to reporting periods beginning on or after July 1, 2007.  

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