0001|                           SENATE BILL 215
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0002|     43RD LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 1998
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0003|                            INTRODUCED BY
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0004|                          JOSEPH J. CARRARO
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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
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0012|     RECEIPTS 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, 1998.
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