Bill > SB25

This bill provides a temporary waiver of penalties and interest on certain gross receipts tax, local option gross receipts tax, or compensating tax liabilities that became due during and up to two months after the expiration or rescission of the public health order issued on March 23, 2020 by the New Mexico Secretary of Health, which ordered certain businesses to reduce their in-person workforce by 100%. The waiver applies to taxpayers who failed to pay these taxes without intent to evade or defeat the tax, provided the unpaid taxes are paid in full by the 25th day of the third month following the expiration or rescission of the public health order. The bill also declares an emergency, allowing it to take effect immediately.

Budget and Finance

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=25&year=21