HB 484 - Racetrack Tax Break - New Mexico Key Vote
Thomas Swisstack voted Yea (Passage) on this Legislation.
Timeline
- Senate Bill Sent To Committee
- Feb. 7, 2008
- House Bill Passed
- Feb. 6, 2008
- Introduced
- Jan. 31, 2008
Related Issues
Stage Details
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).
Title: Racetrack Tax Break