Revenue Stabilization and Tax Policy - Dec 16, 2025 9:08 AM - 11:22 AM
Revenue Stabilization & Tax Policy Committee · December 16, 2025
The Revenue Stabilization & Tax Policy Committee heard a historical overview of New Mexico tax packages, discussed three bill proposals—including expanding a gross receipts tax (GRT) deduction to cover coinsurance with an estimated $30M state cost and $20M local impact—and considered updating the Land Conservation Incentives Act and a broad “2% tax” overhaul. No formal votes were taken; items were presented for discussion and follow-up.
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