Introduced by Rep. Jose A. Campos (D) on January 17, 2008, to change the amount and the formula for shared gross receipts tax revenue distributed to municipalities so that municipalities get the greater of two formulas as compared each month. The bill also requires the Department of Finance and Administration and the New Mexico Municipal League to make annual reports on these distributions.
Referred to the House Business and Industry Committee on January 17, 2008.
Referred to the House Taxation and Revenue Committee on January 17, 2008.
1) 2008 House Bill 111 (Change Gross Receipts Tax Distribution to Municipalities) by admin on January 1, 2001 Introduced in the House on January 17, 2008