Susana Vetoes "Anti-Big Box Store" Bill

Gov. Martinez

From New Mexico Watchdog -In a move that will spark protest from the political left, Gov. Susana Martinez vetoed Senate Bill 9 on Tuesday (March 6) — a piece of legislation that the bill’s sponsor Sen. Peter Wirth ( D-Santa Fe) said would close loopholes on so-called “big box” retailers headquartered outside New Mexico and require them to change the way they pay state taxes. “While proponents of this legislation may have had a few particular corporate targets in mind when pushing for this tax increase, the result would be much broader and raise taxes on businesses like grocery stores,” Gov. Martinez said in a statement. “Increasing taxes on grocery stores, clothing retailers, and home improvement stores, while choosing to cut taxes for a different set of corporations – such as large banks, casinos, payday loan companies, or any other large corporation that pays corporate income tax – is not only misguided and arbitrary tax policy, but it’s also not the way to foster economic growth in New Mexico.  More News New Mexico

Susana Vetoes "Anti-Big Box Store" Bill