Bill would keep base contractors exempt from GRT

Freedom New Mexico Legislation sponsored by Sen. Stuart Ingle, R-Portales, would keep in place a gross receipts tax exemption for building contracters working at Cannon Air Force Base. The Senate Corporations and Transportation Committee passed Senate Bill 160 earlier this week, and the legislation is now heading to the Senate Finance Committee. The exemption is [...]

City officials happy with GRT numbers

By Tony Parra: PNT Staff Writer Higher numbers for gross receipt tax revenue than projected for the last part of the 2005 year alleviated fears for Portales city officials that the elimination of the food tax might hurt the GRT revenue. Debi Lee, Portales city manager, said in the last six months of 2005, GRT [...]