FIFTY-FIFTH LEGISLATURE

FIRST SESSION

March 3, 2021

 

HOUSE FLOOR AMENDMENT number ___1__ to HOUSE TAXATION AND REVENUE COMMITTEE SUBSTITUTE FOR HOUSE BILL 291

Amendment sponsored by Representative Christine Chandler

    1. On page 12, line 2, strike "small" and insert in lieu thereof "New Mexico".

    2. On page 12, strike lines 17 through 25 in their entirety and on page 13, strike lines 1 and 2 in their entirety and insert in lieu thereof the following:

"that has:

                  (a) for a sole proprietorship, one hundred percent of its tangible assets located in New Mexico;

                  (b) for a corporation or limited liability company, its principal office and a majority of its full-time-equivalent employees located in New Mexico; and

                  (c) for a limited partnership, its principal place of business and one hundred percent of its tangible assets located in New Mexico."".

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Adopted ___________________ Not Adopted ________________________

          (Chief Clerk)                (Chief Clerk)

                  Date _________________