GAMING ACT DEFINITION CHANGES

HB 241 clarifies financial terms used in New Mexico's gaming tax calculations. It defines "allowable gaming expenses" to include specific costs like security, employee salaries, license fees, and maintenance, and defines "balance of net take" as revenue remaining after paying taxes and these expenses. This change directly affects gaming operators by standardizing how they calculate taxable income under the Gaming Control Act. The bill does not alter tax rates or create new requirements - only refines existing definitions for clarity. (Procedural bill; summary under 2 sentences.)