SENATE BILL 235

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

INTRODUCED BY

Stuart Ingle

AN ACT

RELATING TO TAXATION; PROVIDING AN EXEMPTION FROM GROSS RECEIPTS FOR THE SALE OF FOOD AND BEVERAGES FROM VENDING MACHINES.

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--FOOD AND BEVERAGES FROM VENDING MACHINES.--Exempt from payment of the gross receipts tax are receipts from the sale of food and beverages from a coin-operated vending machine."

.196081.1