The 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. Specifically, it modifies Section 3-38-16 NMSA 1978 by removing the previous language that limited the exemption to permanent residents and clarifying that the exemption applies to those who have a written agreement for at least thirty consecutive days, regardless of whether the premises are considered temporary lodging.

Additionally, the bill maintains other existing exemptions from the occupancy tax, including those for low-cost lodging (less than $2.00 per day), accommodations provided by government entities, and various institutions such as 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