0001|                           SENATE BILL 1189
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0002|     43rd legislature - STATE OF NEW MEXICO - first session, 1997
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0003|                            INTRODUCED BY
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0004|                           RAMSAY L. GORHAM
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0005|     
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0006|                                   
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0007|     
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0008|                                   
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0009|     
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0010|                                AN ACT
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0011|     RELATING TO TAXATION; PROVIDING A DEDUCTION FROM GROSS RECEIPTS
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0012|     FOR RECEIPTS FROM PROVIDING CHILD DAYCARE SERVICES.
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0013|     
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0014|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0015|          Section 1.  A new section of the Gross Receipts and
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0016|     Compensating Tax Act is enacted to read:
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0017|          "[<u>NEW MATERIAL</u>]  DEDUCTION--GROSS RECEIPTS TAX--CHILD
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0018|     DAYCARE SERVICES.--Receipts from providing child daycare
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0019|     services may be deducted from gross receipts if the person
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0020|     providing the services is licensed by the children, youth and
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0021|     families department as a child daycare center or a family
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0022|     daycare home and the services are provided to children less
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0023|     than fifteen years of age."
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0024|          Section 2.  EFFECTIVE DATE.--The effective date of the
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0025|     provisions of this act is July 1, 1997.  
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0001|   
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0002|                      FORTY-THIRD LEGISLATURE
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0003|                        FIRST SESSION, 1997
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0004|   
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0005|   
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0006|                                                  March 17, 1997
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0007|   
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0008|   Mr. President:
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0009|   
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0010|       Your WAYS AND MEANS COMMITTEE, to whom has been
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0011|   referred
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0012|   
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0013|                          SENATE BILL 1189
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0014|   
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0015|   has had it under consideration and reports same with
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0016|   recommendation that it DO PASS, and thence referred to the
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0017|   FINANCE COMMITTEE.
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0018|   
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0019|                                Respectfully submitted,
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0020|   
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0021|   
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0022|   
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0023|                                
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0024|   __________________________________
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0025|                                Carlos R. Cisneros, Chairman 
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0001|   
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0002|   
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0003|   
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0004|   Adopted_______________________   Not
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0005|   Adopted_______________________
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0006|             (Chief Clerk)                          (Chief Clerk)
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0007|   
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0008|   
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0009|                     Date ________________________
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0010|   
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0011|   
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0012|   The roll call vote was <u> 7 </u> For <u> 0 </u> Against
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0013|           Yes:    7
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0014|           No:     0
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0015|                Excused:     McSorley, Nava
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0016|           Absent: None
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0017|   
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0018|   
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0019|   S1189WM1
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0020|   
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