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Gov. Lujan Grisham exempts Social Security income from taxes, delivers first Gross Receipts Tax reduction in 40 years

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Social Security tax exemption, GRT reduction, major tax changes take effect on July 1, saving New Mexicans hundreds of millions  

SANTA FE — Tax cuts signed into law by Gov. Michelle Lujan Grisham earlier this year go into effect on Friday, keeping more money in New Mexicans’ pockets and easing the burdens of New Mexico seniors, families, and businesses.

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