New Mexico SB393: Gaming Tax Exemption In Disaster Area

What the bill says

From the enrolled text:

SB0393 SENATE BILL 393 57th legislature - STATE OF NEW MEXICO - first session, 2025 INTRODUCED BY Nicholas A. Paul and Pete Campos and Harlan Vincent RELATING TO TAXATION; PROVIDING A TEMPORARY GAMING TAX EXEMPTION FOR A GAMING OPERATOR LICENSEE LOCATED IN AN AREA DECLARED AS A DISASTER AREA DUE TO A WILDFIRE; PROVIDING A DELAYED REPEAL; DECLARING AN EMERGENCY. SECTION 1. A new section of the Gaming Control Act is enacted to read: "[NEW MATERIAL] EXEMPTION--LICENSEES OPERATING IN A DECLARED DISASTER AREA.-- A. Prior to July 1, 2029, a gaming operator licensee operating in an area declared in June 2024 as a disaster area by the governor due to a wildfire shall be exempted from the gaming tax. B. The exemption provided by this section shall be included in the tax expenditure budget pursuant to Section 7-1-84 NMSA 1978, including the annual aggregate cost of the exemption. Claiming the exemption provided by this section is authorization by the taxpayer claiming the exemption for the department to reveal return information necessary to comply with the requirements of Section 7-1-84 NMSA 1978." SECTION 2. DELAYED REPEAL.--Section 1 of this act is repealed effective July 1, 2029. SECTION 3. EFFECTIVE DATE.--The effective date of the provisions of this act is the first day of the month following the date this act takes …

Read the full official text

Sponsors

• Pete Campos (D, SD-008) · primary sponsor
• Nicholas Paul (R, SD-033) · primary sponsor
• Harlan Vincent (R, HD-056)

Common questions

What is SB393?

SB393 is a bill in the New Mexico Legislature (2025 Regular Session): Gaming Tax Exemption In Disaster Area.

What is the status of SB393?

Introduced as of February 14, 2025.

Who sponsored SB393?

Pete Campos (D, SD-008), with 2 co-sponsors.

Where is the official record for SB393?

On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=393&year=25