The value of fuel to be loaded or used by a common carrier in a locomotive engine may be deducted in computing the compensating tax due. For the purposes of this section, "locomotive engine" means a wheeled vehicle consisting of a self-propelled engine that is used to draw trains along railway tracks.

History: Laws 2011, ch. 60, § 2 and Laws 2011, ch. 61, § 2.

Compiler's notes. — Laws 2011, ch. 61, § 5 made the effective date of Laws 2011, ch. 61, §§ 1, 2 and 3 July 1, 2013, provided that prior to July 1, 2012, the economic development department certifies to the taxation and revenue department that construction of a railroad locomotive refueling facility project in Do a Ana county has commenced, including land acquisition, acquisition of all necessary permits and commencement of actual construction and directed the taxation and revenue department to notify the New Mexico compilation commission and the director of the legislative council service prior to July 1, 2013 as to whether the certification from the economic development department has been received.

Pursuant to the provisions of Laws 2011, ch. 61, § 5, on March 7, 2012, the economic development department certified to the taxation and revenue department that construction of a railroad locomotive refueling facility project in Do a Ana county had commenced, including land acquisition, acquisition of all necessary permits and commencement of actual construction, and directed the taxation and revenue department to notify the New Mexico compilation commission and the director of the legislative council service prior to July 1, 2013, that the certification was received. Therefore, Laws 2011, ch. 61, §§ 1, 2 and 3 become effective July 1, 2013.

Duplicate laws. — Laws 2011, ch. 60, § 2 and Laws 2011, ch. 61, § 2 enacted identical new sections. The section was set out as enacted by Laws 2011, ch. 61, § 2. See 12-1-8 NMSA 1978.