In addition, the state is extending deadlines for employers to remit withholding taxes. Taken together, these actions comprise hundreds of millions of dollars of immediate fiscal support to New Mexico.
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We are going to pay a steep price for that. In recent years, there has been a push to reform New Mexico’s economically problematic gross receipts tax in a revenue-neutral manner. It results in taxes.
Worries over New Mexico’s economy have been dismissed out of hand. Speaker Brian Egolf, D-Santa Fe, claims New Mexico “is not in a fiscal crisis.” I couldn’t disagree more. The same curve graph that.
New Mexico’s state budget could take a billion dollar hit because of a drop in oil prices and the coronavirus.
New Mexico postpones tax deadlines until July 15 – SANTA FE – New Mexicans and their employers will have more time to file and pay their taxes as the state pushes to provide.
as well as the deadlines for employers to remit withholding taxes for March through June, which are now all due on July 25.
New Mexico has been hit extra hard as oil and gas prices have dropped.
“We’re starting to get info on the hits on gross receipt taxes,” Smith said, adding they were “much larger than what I had.
More than 10,000 residents of New Mexico have filed for unemployment benefits in less than a week, potentially doubling the.