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Nm Update  Form

Nm Update Form

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Instructions and help about business tax registration update new mexico

>> EVERYONE SEEMS TO AGREE THAT OUR TAX SYSTEM HERE IN NEW MEXICO IS BROKEN, ESPECIALLY GROSS RECEIPTS TAX, YET FIXING IT HAS OFTEN ELUDED LAWMAKERS. BUT NOW TWO NEW TAX EXPERTS ARE URGING LEGISLATORS TO INITIATE A STUDY THAT LOOKS AT REVENUES AND HOW THE GROSS RECEIPTS TAX CAN BE REPLACED WITH A MORE EQUITABLE SYSTEM. THE TWO TOLD LAWMAKERS THIS SYSTEM NO LONGER FITS OUR ECONOMY AND IS A HINDERANCE TO ECONOMIC DEVELOPMENT. BUT SENATOR PETER WIRTH ALSO CAUTIONED THAT CHANGE SHOULD BE DONE CAREFULLY, OR THE AVERAGE CITIZEN COULD 'GET HAMMERED.' ROB, SENATOR WIRTH SAID THAT PEOPLE PAY TAXES BECAUSE THEY DON'T HAVE A LOBBYIST TO CARVE OUT AN EXEMPTION FOR THEM. I LOVE THAT QUOTE. IT WAS PAINFUL, AS A MATTER OF FACT. THIS COMES UP -- HERE WE ARE YET AGAIN, THOUGH. GROSS RECEIPTS TAX. IT SEEMS LIKE EVERY THREE OR FOUR YEARS WE HAVE THIS DISCUSSION IN NEW MEXICO, AND NOTHING REALLY SEEMS TO HAPPEN. LET'S START WITH THE TWO YEAR STUDY. WHAT ARE WE

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