The New Mexico Taxation and Revenue Department will hold a hearing Aug. 10 on proposed changes to the rules governing Gross Receipts Tax on services. The proposed changes are intended…
Big news coming from the NM Taxation and Revenue Department, and NMBC wants to ensure that New Mexico businesses are ready for the redesign of the Gross Receipts Tax structure…
Restaurants were among the hardest hit businesses during the pandemic. In an effort to bring some relief, during the 2021 Legislative session legislators passed Senate Bill 1, sponsored by Senators…
The New Mexico Taxation and Revenue Department recently addressed the lack of clarity on how delivered groceries will be taxed by adding more stipulations for when the taxes will apply.…
The New Mexico Taxation and Revenue Department reported that it will be distributing $2 billion in revenue from gross receipts tax from FY19 - an increase of 8% over last…
House Speaker Brian Egolf was optimistic about proposing legislation to reduce the state’s gross receipts tax and remove some (of the many) exemptions during the upcoming 2020 legislative session. That…
Good (very good) news for BASH lovers! Thursday’s BASH in Albuquerque was a huge success with 180 attendees and people around the state are asking what about us. The very good news is – you’re next! Here’s the lineup for the next two scheduled events around New Mexico:
Farmington, 4/19/18, 5 – 7 pm, keynote speaker, Andrew Vecera, Chief of Staff, representing U.S. Rep Rob Bishop, Chair of the U.S. House Committee on Natural Resources.
Hobbs, 5/3/18, 4:30 – 6:30 pm, back by popular demand, keynote speaker Jonathan Williams, co-author of Rich States, Poor States.
Albuquerque City Residents: The Albuquerque City Council will vote tonight regarding a three-eighths of one percent (.375%) Gross Receipts Tax increase. We are asking you to show up tonight to speak against this tax increase or, in the alternative, write to the City Councilors and voice your objection.
The facts are simple. This tax increase is: 1) Detrimental to business growth and job creation; and 2) It is especially difficult for low-income and senior citizens on a fixed income. If Albuquerque wants to grow and get out of this financial crisis it is now in, the answer is to broaden the tax base by encouraging business growth and relocation, not driving it away and trying to take more from those who live and work here.