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Key Votes

HB 484 - Racetrack Tax Break - Key Vote

New Mexico Key Votes

Stages

Family

Issues

Stage Details

Legislation - Bill Sent To Committee (Senate) -
Legislation - Bill Passed (House) (48-10) - (Key vote)

Title: Racetrack Tax Break

Highlights:
- Sets the excise tax rate at 10 percent for racetracks whose total net take for the previous year was less than $14 million [sec. 1 (B) (4)]. - Increases the excise tax rate to 26 percent when the total net take for that year exceeds $10 million [sec. 1 (B) (4)]. - Establishes the effective date of this Act as July 1, 2009 (Sec. 2).
Legislation - Introduced (House) -

Title: Racetrack Tax Break

Sponsors

  • Ben R. Lujan Sr. (NM - D) (Out Of Office)
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