New Mexico's system of taxing goods/services has undergone various changes over the years, and lawmakers in the next session can expect to hear from groups including the NM Assoc. of Counties on a proposal to revamp the state's gross receipts tax to make it more equitable or "flat;" ensuring everyone pays their fair share.
In a two-part series on KSFR, Deborah Martinez looks at how we got here from 2004 when the tax on food and medicine was eliminated, how attempts to reinstitute that tax have failed - along with the state's promise to uphold revenue to cities and counties - and efforts to reform what many are calling a broken gross receipts tax system. Listen Here