Tag: Gross receipts tax

Updated: How a Tax Hike Means for Your Wallet: Albuquerque’s Proposed Increase Shows Why Gross Receipts Taxes Hit Consumers and Small Businesses

Albuquerque’s proposed gross receipts tax increase offers a real-world lesson in financial literacy—showing how local taxes ripple through prices, small businesses, and household budgets.

Los Alamos National Laboratory’s FY2025 New Mexico spend nears $3 billion, report shows

Los Alamos National Laboratory said it spent about $2.9 billion in New Mexico during FY2025, according to its annual economic impact report, alongside a $5.28 billion budget and more than 16,000 employees (excluding contractors).

New Mexico Tax Bill Could Accelerate Affordable Housing Development — Here’s Why It Matters

A proposed New Mexico tax bill that would exempt affordable housing developments from gross receipts taxes could unlock millions in savings for builders and expand the supply of lower-cost rentals in high-cost markets such as Santa Fe. The measure, introduced ahead of the 2026 legislative session, highlights how state tax policy can influence construction costs, housing supply, and monthly rent burdens for low- and moderate-income households.