Receipts received from July 1, 2007 through June 30, 2022 from admissions to a nonathletic special event held at a venue that is located on the campus of a post-secondary educational institution within fifty miles of the New Mexico border and that accommodates at least ten thousand persons may be deducted from gross receipts or from governmental gross receipts.
History: Laws 2007, ch. 33, § 1; 2012, ch. 22, § 1; 2017, ch. 46, § 1.
ANNOTATIONSThe 2017 amendment, effective June 16, 2017, expanded the deduction from gross receipts tax to both gross receipts tax and governmental gross receipts tax, and extended the expiration date of the gross receipts and governmental gross receipts tax deduction for nonathletic special events at certain post-secondary educational institutions; after "June 30", changed "2017" to "2022", and after "may be deducted from gross receipts", added "or from governmental gross receipts".
The 2012 amendment, effective May 16, 2012, extended the deduction for an additional five years and after "June 30", changed "2012" to "2017".