SANTA FE — New Mexico lawmakers will get their first peek Tuesday at the results of a $400,000 study aimed at helping them analyze how to overhaul the state tax code.
Supporters say it should give the Legislature much more confidence that changing the state’s complex system of gross receipts taxes wouldn’t create unintended consequences that damage state revenue.
Democratic legislative leaders have warned that the coming 30-day session probably won’t provide enough time for a broad rewrite of New Mexico’s tax code — a priority of Republican Gov. Susana Martinez.
But Rep. Jason Harper, R-Rio Rancho, said Monday that he believes the
Legislature and governor can find common ground on some important components of “tax reform.” The key is to make sure that, as a whole, the changes “revenue-neutral,” he said, and a computer model developed by the study could help provide that information.
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