SANTA FE – Gov. Michelle Lujan Grisham on Friday announced the creation of two new task forces that will study New Mexico’s tax system and recommend possible changes.
The effort marks the newest development in a long-running debate over the fairness of New Mexico’s code, which some have compared to “Swiss cheese” due to a multitude of allowable tax credits and deductions.
It also comes after the Journal published a story on the ongoing debate over a tax package approved this year by lawmakers that, among other changes, expanded a tax credit for working families while also authorizing state and local governments to begin levying a tax on online sales.
“Tax policy is an important way we express our values as a state and raise the revenue to meet our goals,” Lujan Grisham said in a statement. “These committees will study reform measures thoroughly and help us make sure we get it right.”
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