This bill amends the Lodgers' Tax Act in New Mexico to provide an exemption from the occupancy tax for individuals (vendees) who enter into a written agreement for temporary lodging for a minimum of thirty consecutive days. The amendment specifically modifies Section 3-38-16 NMSA 1978 by removing the phrase "or has entered into" and clarifying that the exemption applies to vendees who enter into such agreements, thereby streamlining the language regarding eligibility for the tax exemption.

Additionally, the bill maintains existing exemptions for various categories of lodging, including accommodations for permanent residents, low-cost rentals, and lodging at government, religious, charitable, educational, and medical facilities. The provisions of this act are set to take effect on July 1, 2025.

Statutes affected:
introduced version: 3-38-16
GE substitute: 3-38-16