I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…
Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.
Public school teachers and state workers would pay more toward their retirement while several, but not all, state agencies would get fewer dollars next year under a state budget plan approved by a powerful Senate committee on Thursday.
Also roughly 250 more state jobs across state government would disappear than in a House-approved state budget plan that served as the starting point for the Senate proposal. Many of those targeted state government positions are already vacant, legislative officials said.
Vicki Pozzebon, executive director of an organization representing hundreds of Santa Fe businesses, has a bit of heartburn today with a presentation on good tax policy scheduled for a Senate committee.
“I’m concerned that one side will be represented,”…
A long-simmering bill that would require multi-state corporations to pay income tax on their earnings in NM lived another day as the House Business and Industry committee came to a close Thursday night. Rather than being tabled, as several other…
Gov. Bill Richardson has said twice this week that he’s sensitive to how a controversial measure that would force out-of-state corporations to pay more in corporate income tax might affect companies like Intel, which has a plant in Rio Rancho.
But…
Soft drinks, medical marijuana, even that book you want to buy online could get taxed under various proposals filed this week in the early days of the 2010 legislative session. Meanwhile, buying a pack of cigarettes may get a lot more costly, too. Lawmakers have dropped roughly 280 bills in the opening days of the session–and quite a few of those proposals are tax bills.
The group Better Choices New Mexico (BCNM) is currently proposing nine ways to raise revenue and prevent more budget cuts and is releasing one proposal per day until the start of the legislatives session.
The State Legislature’s Economic and Rural Development Committee met at the Roundhouse Thursday to hear a presentation on what’s known as “combined reporting.” Currently, New Mexico does not require large, multi-state companies to pay taxes on income they make here. Pro-business groups say to force companies to pay taxes here would deter businesses from coming to New Mexico. Others say we’re missing out on millions of dollars in lost revenue. Click the headline to read a transcript of our conversation.
On Thursday, technology permitting, the New Mexico Independent hopes to webcast and live blog two events at the State Capitol: Gov.Bill Richardson’s press conference on budget fixes at noon and, an hour later, a presentation on combined reporting during the…
By a 7 to 4 vote, a Senate panel killed legislation that would have altered the way the state collects its corporate income tax.
Called combined reporting, the bill (Senate Bill 8)sponsored by Santa Fe Democrat Peter Wirth would…
Sen. Peter Wirth plans to introduce legislation that would change the way the state collects corporate income tax, requiring multi-state companies with stores in New Mexico to pay taxes to the state on profits earned here. Although similar bills have been defeated several times before, Wirth is hoping that the state’s budget crisis may increase support.
The Santa Fe City Council approved a new ordinance allowing red-light cameras in the City Different, The Santa Fe New Mexican reports. A last-minute effort was defeated to amend the ordinance to make it easier for the city to…
The way New Mexico’s corporate income tax code is currently written, big box stores and national chains located here are allowed to be bad corporate citizens –- and many of them take full advantage of the opportunity.
An interesting exchange played itself out in the Albuquerque Journal in the week before Christmas, on the topic of “combined reporting.” And along the way, the Journal left out one important point in it’s editor’s note about one of the commenter’s discussing whether or not multi-state corporations should report the income they made in New Mexico, and pay taxes on it.
