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A tax reform package got the go-ahead from the New Mexico House late Sunday with a few substantial changes. The amended bill increases the amount all taxpayers will get in direct payments and nixes a proposed tax hike for New Mexicans who make the most.
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Childcare is expensive. But in New Mexico, the Early Childhood Education and Care Department provides subsidies to help contractors meet the needs of many families. All programs that provide the same services in the same type of facility for the same age groups get the same amount, but for-profit providers pay tax on those state dollars that nonprofit and government programs do not. Private providers are now asking the state Legislature to change that.
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Legislation to reduce pyramiding in New Mexicos tax code will likely be proposed this legislative session. While the move could provide relief for small businesses and consumers, itll also reduce the recurring revenue of the states gross receipts tax.
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Significant tax reforms are expected to move through the Roundhouse this year with bipartisan support. Bill Jordan with New Mexico Voices for Children is calling for lawmakers to create a more equitable tax code not only with an eye towards income levels, but race and gender as well.
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TheAlbuquerque city council voted to raise gross receipts taxes by 0.375 percent Monday night and balance the citys budget for the next year. The measure
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Santa Fe County is holding a special election Tuesday to decide whether to raise the gross receipts tax to fund behavioral health services.If voters
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91做厙 Call In Show 5/25 8a: Call toll-free 877-899-5866. Lawmakers return to Santa Fe Wednesday for a special legislative session devoted to resolving an
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State lawmakers in Santa Fe are wrestling with a fiscal crisis. And the debate is familiar: cut spending or raise taxes in order to balance the budget.
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The Santa Fe County Commission will be asking voters if they would support a tax increase to pay for behavioral health services. Commissioners voted to