Section 7-42-3 – Cannabis excise tax.
A. An excise tax is imposed on a cannabis retailer that sells cannabis products in this state. The tax imposed by this section may be referred to as the “cannabis excise tax”. B. The rate of the cannabis excise tax shall be at the following rates and shall be applied to the price paid for […]
Section 7-42-4 – Date payment due.
The cannabis excise tax is to be paid on or before the twenty-fifth day of the month following the month in which the taxable sale occurs. History: Laws 2021 (1st S.S.), ch. 4, § 46. ANNOTATIONS Effective dates. — Laws 2021 (1st S.S.), ch. 4 contained no effective date provision, but, pursuant to N.M. Const., […]
Section 7-42-5 – Interpretation of the cannabis tax act; administration and enforcement of tax.
The department shall administer and enforce the collection of the cannabis excise tax pursuant to the Tax Administration Act [Chapter 7, Article 1 NMSA 1978] . History: Laws 2021 (1st S.S.), ch. 4, § 47. ANNOTATIONS Effective dates. — Laws 2021 (1st S.S.), ch. 4 contained no effective date provision, but, pursuant to N.M. Const., […]
Section 7-41-1 – Short title. (Repealed effective January 1, 2023.)
Sections 1 through 8 [7-41-1 to 7-41-8 NMSA 1978] of this act may be referred to as the “Health Care Quality Surcharge Act”. History: Laws 2019, ch. 53, § 1. ANNOTATIONS Delayed repeals. — Laws 2019, ch. 53, § 12 repeals Laws 2019, ch. 53, §§ 1 through 8, effective January 1, 2023. Effective dates. […]
Section 7-41-2 – Purpose. (Repealed effective January 1, 2023.)
The purpose of the Health Care Quality Surcharge Act is to enhance federal financial participation in medicaid to increase medicaid provider reimbursement rates and support facility quality improvement efforts in skilled nursing facilities, intermediate care facilities and intermediate care facilities for individuals with intellectual disabilities. History: Laws 2019, ch. 53, § 2. ANNOTATIONS Delayed repeals. […]
Section 7-41-3 – Definitions. (Repealed effective January 1, 2023.)
As used in the Health Care Quality Surcharge Act: A. “department” means the taxation and revenue department; B. “health care facility” means a skilled nursing facility, intermediate care facility or intermediate care facility for individuals with intellectual disabilities; C. “intermediate care facility” means a facility with greater than sixty beds and is licensed by the […]
Section 7-41-4 – Health care quality surcharge; rate calculation; date payment due. (Repealed effective January 1, 2023.)
A. A surcharge is imposed on each health care facility. The surcharge shall be per day for each non-medicare bed day. The rate of the surcharge shall be annually calculated by the human services department pursuant to Subsection B of this section. B. No later than sixty days following the effective date of the Health […]
Section 7-41-5 – Exemption. (Repealed effective January 1, 2023.)
A health care facility with more than ninety thousand annual medicaid-financed bed days may claim an exemption in an amount equal to sixty-five percent of the health care quality surcharge due in a reporting period. The percentage and annual medicaid-financed bed days threshold may be modified by rule promulgated by the human services department, if […]
Section 7-41-6 – Health care facility fund; disability health care facility fund. (Repealed effective January 1, 2023.)
A. The “health care facility fund” and the “disability health care facility fund” are created in the state treasury. The funds consist of appropriations, distributions, transfers, gifts, grants, donations and bequests made to the funds and income from the investment of the funds. The funds shall be administered by the human services department, and money […]
Section 7-41-7 – Administration and enforcement of act. (Repealed effective January 1, 2023.)
The department shall interpret the provisions of the Health Care Quality Surcharge Act. The department shall administer and enforce the collection of the health care quality surcharge, and the Tax Administration Act [Chapter 7, Article 1 NMSA 1978] applies to the administration and enforcement of that surcharge. History: Laws 2019, ch. 53, § 7. ANNOTATIONS […]