SB 10 - Limiting Food Tax Deduction to Staple Foods - New Mexico Key Vote
Timeline
- Referred to Committee
- Feb. 15, 2010
- Senate Bill Passed
- Feb. 13, 2010
- Introduced
- Dec. 15, 2009
Related Issues
Stage Details
Title: Limiting Food Tax Deduction to Staple Foods
Vote Smart's Synopsis:
Vote to pass a bill that limits the gross receipts tax deduction for food purchases to staple foods beginning July 1, 2010, whereas existing law authorized a deduction for purchases of any food for home consumption.
Highlights:
-Defines "staple food" as a food or food product, including meat, poultry, fish, bread, cereal, vegetables, fruits and dairy products, for home consumption that meets the definition of staple food under the the federal Supplemental Nutrition Assistance Program (§ 7 USC 2012(r)(1)) (Sec. 1).
Title: Limiting Food Tax Deduction to Staple Foods