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.
