SENATE BILL 1138

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

INTRODUCED BY

Lidio G. Rainaldi

AN ACT

RELATING TO TAXATION; PROVIDING AN EXEMPTION FROM GROSS RECEIPTS TAXES FOR THE GROSS RECEIPTS OF SALES OF GOODS BY A DISABLED STREET VENDOR.

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--RECEIPTS FROM SALES BY DISABLED STREET VENDORS.--

          A. Exempt from payment of the gross receipts tax are receipts from the sale of goods by a disabled street vendor.

          B. As used in this section:

                (1) "disabled" means to be blind or permanently disabled with medical improvement not expected pursuant to 42 USCA 421 for purposes of the federal Social Security Act or to have a permanent total disability pursuant to the Workers' Compensation Act; and

                (2) "street vendor" means a person licensed by a local government to sell items of tangible personal property by newly setting up a sales site daily or selling the items from a moveable cart, tray, blanket or other device."

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