HOUSE BILL 252

51st legislature - STATE OF NEW MEXICO - second session, 2014

INTRODUCED BY

Dona G. Irwin

AN ACT

RELATING TO TAXATION; EXEMPTING CERTAIN PRE-KINDERGARTEN PROVIDERS 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--FOR-PROFIT PRE-KINDERGARTEN PROVIDERS.--Exempted from the gross receipts tax are the receipts of for-profit pre-kindergarten providers who provide pre-kindergarten services pursuant to the Pre-Kindergarten Act."

     SECTION 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2014.

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