HOUSE BILL 448

48th legislature - STATE OF NEW MEXICO - second session, 2008

INTRODUCED BY

Edward C. Sandoval

AN ACT

RELATING TO TAXATION; CREATING A DEDUCTION FROM GROSS RECEIPTS FOR TANGIBLE PERSONAL PROPERTY AND SERVICES USED TO CONSTRUCT, SUPPLY AND OPERATE A CYBERSPACE COMMAND CENTER AT A UNITED STATES AIR FORCE BASE IN NEW MEXICO.

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] DEDUCTION--GROSS RECEIPTS--COMPUTATION OF COMPENSATING TAXES--CYBERSPACE COMMAND CENTER.--

          A. Receipts from services to construct, supply or operate a cyberspace command center at a United States air force base in New Mexico may be deducted from gross receipts of the taxpayer providing the service.

          B. The value of services and tangible personal property purchased to construct, supply or operate a cyberspace command center at a United States air force base in New Mexico may be deducted in computing a taxpayer's compensating tax due.

          C. As used in this section, "cyberspace command center" means an installation that defends the United States against attacks conducted over the internet or other communications systems that may disable or interrupt computer, communications or satellite systems or other vital strategic infrastructure or contaminate, destroy or access the information stored or processed through those systems."

     Section 2. APPLICABILITY.--The provisions of this act are applicable to gross receipts and compensating tax reporting periods beginning on or after July 1, 2008.

- 2 -