GRT - Gross Receipts Tax Issues with NM Department of Taxation & Revenue
The Mayor's Table: Gross Receipts Taxes are collected by local businesses and forwarded to the New Mexico Department of Taxation and Revenue. Several municipalities in New Mexico believe there have been some discrepancies when the money is distributed back to their community, Farmington being one of them. Join Mayor Roberts, City Manager Mayes, and City Attormey Breakell as they discuss this issue, how it affects tax payers in our area, and what is needed to remedy the situation.