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A new study is recommending a menu of options for New Mexico lawmakers to consider as part of a larger effort to stabilize and improve the state s tax structure and reduce its reliance on a single industry or revenue source. For the average New Mexican, it could mean paying more money at the gas pump. For more affluent residents, it could mean a higher personal income tax rate structure or losing the capital gains personal income tax deduction. The 141-page report by the PFM Group of Philadelphia, presented Tuesday to the legislative Revenue Stabilization and Tax Policy Committee, makes more than a dozen policy recommendations. ....
Credit KUNM LAS CRUCES - A new study of New Mexico’s tax policy found that many of the problems in our tax system today are the result of changes made during past administrations. Randall Bauer of the Philadelphia firm PFM Group Consulting conducted the study and presented its findings to the New Mexico Legislature’s Revenue Stabilization and Tax Policy Committee Tuesday, Dec. 15. He cited prior national studies by the Pew Research Center that found New Mexico has one of the six most volatile tax structures in the country. Four of those six states are reliant on energy production. ....
Report recommends more equity in New Mexico's tax structure | Legislature | New Mexico Legislative Session santafenewmexican.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from santafenewmexican.com Daily Mail and Mail on Sunday newspapers.
Report recommends more equity in New Mexico's tax structure santafenewmexican.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from santafenewmexican.com Daily Mail and Mail on Sunday newspapers.