Dyed Diesel Grt Deduction

Where it is in the process

Plain-English Summary

This bill creates a new gross receipts tax deduction for the sale of dyed diesel fuel in New Mexico, effective until July 1, 2031. It also repeals an existing gross receipts tax credit for dyed diesel used for agricultural purposes. If passed, businesses selling dyed diesel would be able to deduct these sales from their gross receipts, changing how these sales are taxed.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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