NMSA 1978, § 7-9-77.2 — 7-9-77.2

Deductions; gross receipts; child care assistance through
a licensed child care assistance program; pre-kindergarten
services by for-profit pre-kindergarten providers.

# A.

Receipts from the sale of child care assistance services by a taxpayer pursuant
to a contract or grant with the early childhood education and care department to provide
such services through a licensed child care assistance program may be deducted from
gross receipts.

# B.

Receipts of for-profit pre-kindergarten providers for the sale of pre-kindergarten
services pursuant to the Pre-Kindergarten Act [Chapter 32A, Article 23 NMSA 1978]
may be deducted from gross receipts.

# C.

A taxpayer allowed a deduction pursuant to this section shall report the amount
of the deduction separately in a manner required by the department.

# D.

The deductions provided by this section shall be included in the tax expenditure
budget pursuant to Section 7-1-84 NMSA 1978, including the annual aggregate cost of
the deductions.

# E.

As used in this section:
(1) "child care assistance" means "child care assistance" or "early childhood
care assistance", as those terms are defined in the Early Childhood Care Accountability
Act [32A-23C-1 to 32A-23C-5 NMSA 1978]; and
(2) "licensed child care assistance program" means "licensed child care
program", "licensed early childhood care program" or "licensed exempt child care
program", as those terms are defined in the Early Childhood Care Accountability Act.