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Governor announces plan to cut gross receipts taxes

Legislative priority will save New Mexicans $145 million annually

ALBUQUERQUE – Gov. Michelle Lujan Grisham on Wednesday, speaking at an economic development event, announced that she will pursue a statewide cut in gross receipts taxes, the first in decades, as part of signature legislative agenda items for the upcoming 2022 session, a measure that will save New Mexico families and businesses an estimated $145 million annually, or about $1.5 billion over 10 years.

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