Tax Pyramiding Archive
New Mexico Omnibus Tax Bill (HB 547)
March 17, 2023 No Comments
TweetShareSharePin0 Shares New Mexico was the ostensible setting of the 1966 film The Good, the Bad and the Ugly. This week, the New Mexico legislature is considering an omnibus tax bill that could make good use of the same title. House bill 547 includes some good, pro-growth tax reform, like reducing the gross receipts tax
Does Your State Have a Gross Receipts Tax?
March 7, 2023 No Comments
TweetShareSharePin0 Shares Today’s map looks at which states levy a gross receipts tax, which is often considered one of the most economically damaging taxes. Shifting from state gross receipts taxes would represent a pro-growth change to make tax codes friendlier to businesses and consumers alike, which is especially necessary in an increasingly mobile economy. Gross receipts taxes are applied