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Tax Cut Bill HB641 Provided below are the highlights regarding the tax cut bill (HB 641) that the House dramatically passed in the waning moments of the legislative session. The tax cut provisions of the bill are designed to lower corporate income tax rates and ... 2013 Session Update Just as the dust has settled from the last legislative session, district one has been pounded by a real dust storm that has lasted for a week. Maybe spring will get here eventually. It always amazes me how exactly the same process and exactly t... The Gross Receipts Tax Re-Boot Designed to be a broad based tax with a very low rate, Gross Receipts Tax (GRT) has morphed into a narrow based tax with a very high rate. Over the years we have enacted hundreds of Exemptions, Deductions and Credits (EDC's), continually raising th... Capital Outlay It is Capital Outlay week in the legislature. In New Mexico we have a four billion dollar severance tax permanent fund that derives from taxes on minerals severed from the earth. 95% of this comes from oil and gas. The fund is used for two main... NM Corporate Tax, the myths and the facts We have seen the statement “big corporations don’t pay taxes” during this election cycle. For years some legislators have been trying to change our corporate tax laws because they think that big corporations don’t pay taxes or at least don’... Welcome Welcome to the new House of Representatives District 1 and welcome to those folks who were previously in Paul Bandy's and James Strickler's districts. As a result of the redistricting process, District 1 looks a whole lot different. New areas inclu... Pensions Recent actions by the accounting world are about to light up a serious national issue and one that also plagues the Land of Enchantment. The new GASB pension standards will require that the unfunded liability of public pension plans be part of the ... |
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