New Mexico legislation · 2026 Regular Session
New Mexico SB212: SKI AREA EQUIPMENT SALE GROSS RECEIPTS
Status: In committee, February 3, 2026
What the bill says
An act relating to taxation; creating gross receipts tax exemptions for the sale of qualified ski area equipment and for the improvement or construction of a building on a ski area; amending certain deductions for persons engaged in the construction business.
From the introduced text, February 2, 2026:
AN ACT RELATING TO TAXATION; CREATING GROSS RECEIPTS TAX EXEMPTIONS FOR THE SALE OF QUALIFIED SKI AREA EQUIPMENT AND FOR THE IMPROVEMENT OR CONSTRUCTION OF A BUILDING ON A SKI AREA; AMENDING CERTAIN DEDUCTIONS FOR PERSONS ENGAGED IN THE CONSTRUCTION BUSINESS. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. A new section of the Gross Receipts and Compensating Tax Act is enacted to read: "[NEW MATERIAL] EXEMPTION--GROSS RECEIPTS TAX FOR SALE OF QUALIFIED SKI AREA EQUIPMENT--IMPROVEMENT OR CONSTRUCTION OF A BUILDING ON A SKI AREA.-- A. Exempted from the state gross receipts tax, but not any local option gross receipts tax, are receipts of a person engaged in the construction business for the sale of .232953.2 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ qualified ski area equipment to a ski area operator; provided that the qualified ski area equipment shall be used exclusively in the ski area operator's ski area. B. Exempted from the state gross receipts tax, but not any local option gross receipts tax, are receipts of a person engaged in the construction business for the sale of a construction project that is the improvement or construction of a building located on a ski area operated by a ski area operator. C. A taxpayer allowed an exemption pursuant to this section …
Sponsors
- Carrie Hamblen (D, SD-038) · primary sponsor
Latest actions
- : SCC: Reported by committee to fall within the purview of a 30 day session
- : Sent to SCC - Referrals: SCC/STBTC/SFC
- : Action Postponed Indefinitely
Subjects: TAXATION, GROSS RECEIPTS & COMPENSATING, PARKS, MONUMENTS & RECREATION, BUSINESS & INDUSTRY
Common questions
- What is SB212?
- SB212 is a bill in the New Mexico Legislature (2026 Regular Session): SKI AREA EQUIPMENT SALE GROSS RECEIPTS.
- What does SB212 do?
- In its own words: An act relating to taxation; creating gross receipts tax exemptions for the sale of qualified ski area equipment and for the improvement or construction of a building on a ski area; amending certain deductions for persons engaged in the construction business.
- What is the status of SB212?
- In committee as of February 3, 2026. Latest action: SCC: Reported by committee to fall within the purview of a 30 day session (February 3, 2026).
- Who sponsored SB212?
- Carrie Hamblen (D, SD-038).
- Where is the official record for SB212?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=212&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.