2019 Legislative Session

House passes Senate bill preserving gross receipts tax at national labs
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In a defensive maneuver, New Mexico lawmakers are trying to position the state to maintain its tax revenues if nonprofit organizations become the primary contractor at Los Alamos or Sandia national laboratories. Currently, nonprofits operating in the state are exempt from paying gross receipts taxes. But Senate Bill 11 removes this exception for nonprofits that run national labs. The state House of Representatives on Sunday voted 64-0 in favor of the bill. This measure makes sure that “the revenue the state has consistently been receiving from the labs continues,” said Rep. Christine Chandler, D-Los Alamos.