Governor Bill Richardson’s Budget Balancing Task Force will meet for discussion and public input on Tuesday, December 1, 2009.  The meeting will be held at the New Mexico Farm & Ranch Heritage Museum beginning at 1:00 p.m. and will conclude at 5:00 p.m.

The Task Force is actively seeking input from a cross section of New Mexicans on the following revenue options that have already been proposed from a variety of groups and individuals:

• gross receipts and compensating tax (increase the rate and/or broaden the base);
• taxes on tobacco, liquor, insurance premiums and motor vehicles;
• personal and corporate income taxes and withholding taxes;
• taxes on oil, natural gas, coal and uranium;
• tax compliance and administration rules; and
• rules defining business incentive tax credits and requirements for their systematic evaluation.

The agenda for the Las Cruces meeting is:

1:00 – Welcome by Rick Homans, Chairman

1:10 – Personal Income Tax

1:55 – Corporate Income and Franchise Taxes

3:05 – Break

3:20 – Income Tax Withholding

3:40 – Estate Tax

3:50 – Business Incentive Credits

4:35 – Public Comment

4:55 – Closing Remarks

More information is available at http://www.nmrevenueoptions.com/.  You may also comment on-line.

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