New Mexico 2022 Regular Session

New Mexico House Bill HB32

Introduced
1/18/22  

Caption

Feminine Hygiene Product Gross Receipts

Impact

If enacted, HB32 would amend the Gross Receipts and Compensating Tax Act to allow for deductions on the gross receipts derived from sales of feminine hygiene products. This change would mean that retailers and vendors selling these products could deduct their gross receipt obligations, which, in turn, could lead to lower prices for consumers. Furthermore, the New Mexico taxation department would be required to compile annual reports detailing the utilization of these deductions, including the number of taxpayers benefiting from the provision and the overall financial implications of the deductions.

Summary

House Bill 32, introduced during the 55th Legislature of New Mexico, focuses on providing gross receipts tax deductions specifically for feminine hygiene products, which include items such as tampons, menstrual pads, and menstrual cups. The purpose of this legislation is to alleviate the financial burden on consumers purchasing these essential products, underlining the importance of accessibility to menstrual health products for all individuals. This bill signifies a step towards promoting gender equity in tax policy by recognizing the unique health needs of half the population.

Contention

While the bill has garnered support from advocates for women's health and rights, there may still be concerns about the broader implications of tax deductions on state revenues. Opponents may argue that while the intent behind HB32 is commendable, it could set a precedent for a muddier tax code with multiple deductions that could complicate state revenue forecasting. Nevertheless, proponents contend that the social benefits of ensuring access to necessary health products outweigh potential financial drawbacks, particularly in a context that historically deems such products as luxuries rather than necessities.

Companion Bills

No companion bills found.

Previously Filed As

NM HB222

Diaper Sale Gross Receipts

NM SB2863

Relating To Feminine Hygiene Products.

NM HB1636

Relating To Feminine Hygiene Products.

NM SB2431

Relating To Feminine Hygiene Products.

NM SB382

Feminine hygiene products; adding definitions; creating the Feminine Hygiene Program; creating the Feminine Hygiene Program Revolving Fund; stating purpose of program. Effective date.

NM SB382

Feminine hygiene products; adding definitions; creating the Feminine Hygiene Program; creating the Feminine Hygiene Program Revolving Fund; stating purpose of program. Effective date.

NM HB27

AN ACT relating to the taxation of feminine hygiene products.

NM HB439

Oil & Gas Production Gross Receipts

NM HB229

AN ACT relating to the taxation of feminine hygiene products.

NM HB1159

Exempt feminine hygiene products from the state sales tax.

Similar Bills

No similar bills found.