Hearing on Gross Receipts Tax (GRT) Regulations

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…

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$2 billion in GRT revenue to be returned to cities and counties

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…

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