Ski Area Equipment Sale Gross Receipts

This bill creates new state gross receipts tax exemptions for the sale of qualified ski area equipment and for the improvement or construction of buildings on a ski area. It also amends existing deductions for construction businesses, allowing them to deduct sales of construction materials and services if the project is sold to a ski area operator and qualifies for the new exemption. These changes would affect construction businesses and ski area operators in New Mexico, making certain sales and projects related to ski areas exempt from state gross receipts tax.

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