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Legislative Update: SB136 & SB137

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SB 136 and SB 137 have now been introduced to the New Mexico legislative session, which will help address some of the concerns caused by 2019’s House Bill 6, which made changes to New Mexico’s process for business reporting sales tax. SB 137 will provide a partial, temporary remedy to this issue, while SB 136 will protect communities who are seeing the most negative impact by excluding oil and gas production services from destination-based sourcing. Carlsbad is a growing city, and the responsibilities we must meet have only increased lately. An Associated Press article reported Hobbs estimating a loss of $20,000 to $25,000 a month, but this appears to be an error. We’ve spoken with Hobbs, and their estimated loss is actually a bare minimum of $600,000.00 a month. Carlsbad’s concerns are possibly even greater. 

We have spoken with a number of private business owners who are experiencing their own concerns with the implementation of House Bill 6, as they now have to keep track of the location where they provide every single service. This has created a bookkeeping nightmare. Let’s hope for some improvements to this very big problem. 

From the office of Mayor Dale Janway 

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