New Mexico legislation · 2025 Regular Session
New Mexico HB447: Gaming Tax Exemption In Disaster Area
Status: Introduced, February 17, 2025
What the bill says
From the introduced text:
HB0447 HOUSE BILL 447 57th legislature - STATE OF NEW MEXICO - first session, 2025 INTRODUCED BY Harlan Vincent and Doreen Y. Gallegos and John Block and Nicholas A. Paul and Gail Armstrong 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 DELAYED REPEAL.--Section 1 of this act is repealed effective July 1, 2029.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 …
Sponsors
- Gail Armstrong (R, HD-049) · primary sponsor
- John Block (R, HD-051) · primary sponsor
- Doreen Y. Gallegos (D, HD-052)
- Nicholas Paul (R, SD-033)
- Harlan Vincent (R, HD-056)
Common questions
- What is HB447?
- HB447 is a bill in the New Mexico Legislature (2025 Regular Session): Gaming Tax Exemption In Disaster Area.
- What is the status of HB447?
- Introduced as of February 17, 2025.
- Who sponsored HB447?
- Gail Armstrong (R, HD-049), with 4 co-sponsors.
- Where is the official record for HB447?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=447&year=25
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.