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HOUSE BILL 447
57
TH 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
AN ACT
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.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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
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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repealed effective July 1, 2029.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 effect.
SECTION 4. EMERGENCY.--It is necessary for the public
peace, health and safety that this act take effect immediately.
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