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New Mexico s gross receipts tax: Round 2 of changes

City Mulls Spending Lodgers Tax on Fireworks

    The Española City Council cleared up some administrative issues and moved forward grant applications for road improvements at its May 11 meeting, along with discussing a possible summer celebration in July featuring fireworks and presenting the Española Valley High School girls basketball team with commendations for its season.     During the public comment period, Norah Valdez spoke about the homelessness problems in the city and asked the council what they were planning to do about it.     “I guess I’m needing to know what is going on with the homeless and the people living in tents, so that is my question for you,” she said.

NM Tax and Revenue: Lawmakers didn t intend for cannabis tax breaks

New Mexico State Supreme Court The issue of whether taxes on medical cannabis sales in New Mexico should have been deductible prior to this year is one step closer to being heard by the state’s supreme court.  The state Attorney General’s office filed a brief on Monday with the New Mexico Supreme Court on behalf of the New Mexico Taxation and Revenue Department that argued state lawmakers did not intend to allow gross receipts tax deductions on medical cannabis sales until this year.  The issue stems from a request by medical cannabis producer Sacred Garden to deduct gross receipts taxes from its sales. The department denied the claim on the basis that medical cannabis is not prescribed like other medication. In New Mexico gross receipts taxes are deductible from prescription drugs and medical cannabis is not prescribed by a doctor, but instead recommended. A New Mexico Court of Appeals panel ruled in favor of Sacred Garden last January, writing that in terms of medical cann

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