Trying to curb “tax pyramiding”

From Capitol Report New Mexico.com - Gov. Susana Martinez held a news conference Wednesday (Jan. 25) to promote legislation in the current 30-day legislative session aimed at helping New Mexico’s construction industry by curbing the practice of ”tax pyramiding” in which companies get taxed multiple times. Rep. David Doyle (R-Albuquerque) has introduced legislation aimed at lessening the effects of pyramiding and the governor’s news conference comes two days after Senate Democrats held their own media event in which they touted 11 of their bills aimed at boosting businesses across the state. Read more

Trying to curb “tax pyramiding”