NM SB212

Exempts sales of qualified ski area equipment (trail groomers, bulldozers, front-end loaders, skid steers, snowmaking systems) to ski area operators from state gross receipts tax, though local option gross receipts taxes still apply

Exempts construction projects involving improvement or construction of buildings located on ski areas from state gross receipts tax

Amends existing construction business deductions to allow deductions for construction materials and services sold to ski area operators for exempt projects

Requires taxpayers claiming exemptions to report the exemption amounts to the department, with costs included in the state's tax expenditure budget

Effective date is July 1, 2026