The New Mexico Business Coalition (NMBC) applauds the New Mexico Attorney General’s decision to investigate the New Mexico Public Regulation Commission, filed two complaints against the PRC for violations of…
Governor Lujan Grisham used her line item veto authority to remove $600 million in federal aid from the state budget. This money was earmarked specifically for replenishing the Unemployment Insurance…
After years of secrecy, and obfuscated efforts to keep it that way, legislators capital outlay spending will now be publicly disclosed for New Mexicans to review. Representative Matthew McQueen of…
Governor Michelle Lujan Grisham signed HB 2, The General Appropriations Act, on Friday which will provide $7.4 billion for New Mexico's 2022 fiscal year budget. Normally this would be another…
A study recently released by the National Association of Manufacturers analyzes the potential economic impact of the Biden administration's proposed tax increases on American jobs. Why? Lawmakers are considering reversing…
HB 148 Unemployment Contribution Rate Change increases Unemployment Insurance (UI) rates by 200 - 300% or more and will cost New Mexico jobs. Many employees were forced out of work and…
Today the New Mexico Taxation and Revenue Department began reaching out to taxpayers who have missed the July 15th deadline for filing. The outbound calls from the department’s upgraded call…
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.…
On Wednesday the office of the Governor and State Legislative Finance Committee unveiled thier proposals for fixing the the $2 billion deficit in New Mexico’s budget. Both plans offered solutions…
Taxpayers and tax practitioners should be especially alert to phishing and other scam activity related to tax extensions and federal stimulus payments.The deadline for filing New Mexico and federal income…