New Mexico Register / Volume XXXIII, Issue 15 / August 9, 2022
NOTICE OF PROPOSED RULEMAKING AND
PUBLIC RULE HEARING
The New Mexico Taxation and
Revenue Department hereby gives notice as required under Section 14-4-5.2 NMSA 1978
and 1.24.25.11 NMAC that it proposes to repeal and replace rules to provide
guidance on digital advertising and business location, as well as agricultural
products and the treatment of cannabis as authorized by Section 9-11-6.2 NMSA
1978:
Summary of Proposed
Changes:
The New Mexico Taxation and
Revenue Department proposes to repeal and replace the following rule(s):
Property Tax Code, Section 7-35-2 NMSA 1978
Property Tax Code, Section 7-36-14 NMSA 1978
3.6.5.21
NMAC - Taxable Situs - Allocation of Value of Property
Property Tax Code, Section 7-36-16 NMSA 1978
3.6.5.24 -
Valuation of Residential Property - Counties Whose Ratio is 85%
Property Tax Code, Section 7-36-27 NMSA 1978
3.6.5.34 -
Special Method of Valuation - Pipelines, Tanks, Sales Meters and Plants Used in
the Processing, Gathering, Transmission, Storage, Measurement or Distribution
of Oil, Natural Gas, Carbon Dioxide or Liquid Hydrocarbons
Property Tax Code, Section 7-37-5.1 NMSA 1978
3.6.6.13 -
Disabled Veteran Exemption
Technical
Information: No technical information was consulted in
drafting these proposed rule changes.
Purpose of
Proposed Rule: The proposed rules are being enacted,
amended, repealed, and repealed and replaced to provide guidance on digital advertising
and business location, and also agricultural products
and the treatment of cannabis.
Notice of
Public Rule Hearing: A public hearing
will be held on the proposed rule changes on September 9, 2022
at 10:00AM through the internet, email, and telephonic means.
The Public Hearing will be
accessible via Zoom https://us02web.zoom.us/j/81404506245?pwd=dWNpVmJKZ0FPRVc3d2ZNN0RkbkZIdz09
or by telephone by dialing 1 346 248 7799 Meeting ID: 814 0450 6245 Passcode:
727016. Any oral comments made during this hearing
will be recorded and any electronic written comments can be submitted during
the hearing at policy.office@state.nm.us.
The proposals were placed on file
in the Office of the Secretary on July 28, 2022. Pursuant to Regulation 3.1.2.9
NMAC under Section 9-11-6.2 NMSA 1978 of the Taxation and Revenue Department
Act, the final of the proposals, if filed, will be filed as required by law on
or about October 11, 2022.
Individuals with disabilities who
need any form of auxiliary aid to attend or participate in the public hearing
are asked to contact Alicia Romero at Alicia.Romero@state.nm.us. The Taxation and Revenue Department will make
every effort to accommodate all reasonable requests but cannot guarantee
accommodation of a request that is not received at least ten calendar days
prior to the scheduled hearing.
Copies of the proposed rules may
be found at www.tax.newmexico.gov/proposed-regulations-hearing-notices.aspx or
are available upon request by contacting the Tax Policy Office at
policy.office@state.nm.us.
Notice of
Acceptance of Written Public Comment: Written
comments on the proposals can submitted by email to policy.office@state.nm.us
or by mail to the Taxation and Revenue Department, Tax Information and Policy
Office, Post Office Box 630, Santa Fe, New Mexico 87504-0630 on or before
September 8, 2022. All written comments
received by the agency will be posted on www.tax.newmexico.gov no more than 3
business days following receipt to allow for public review.