Citing an estimated savings of $145 million for consumers and businesses each year, New Mexico Gov. Michelle Lujan Grisham on Wednesday announced a proposal to cut the state’s gross receipts tax by about 0.25%.
Lujan Grisham, who announced the measure before business leaders and officials who gathered for a meeting of Albuquerque’s Economic Forum, said the proposal would be the first reduction in the gross receipts tax in some 40 years.
The announcement also provided a glimpse into the governor’s…
Source: The Business Journal
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