ABQ Journal (November 17, 2021) – Outlining her priorities as she enters a critical election year, Gov. Michelle Lujan Grisham said she will propose a reduction in New Mexico’s gross receipts tax – a move intended to address a chronic weak point in the state’s unusual tax system.

The tax cut, if successful, would shave one-quarter of a percentage point off the statewide rate, or enough to save a family 25 cents on a $100 purchase. It would cost about $145 million a year in state revenue.

Lujan Grisham to Propose Gross Receipts Tax Cut