Governor Signs ‘GRT Bill’ SB 11 Into Law

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Gov. Michelle Lujan Grisham signs the GRT Bill into law today as lawmakers look on from left, Sen. Carlos Cisneros, Sen. Richard Martinez, Rep. Christine Chandler and Rep. Andrea Romero. Cisneros, Martinez, Chandler and Romero successfully ushered the bill through the Senate and House. Courtesy photo

Governor Signs ‘GRT Bill’ SB 11 Into Law

SANTA FE – On Thursday, New Mexico Gov. Michelle Lujan Grisham signed SB 11, Gross Receipts for Non-Profit Organizations.

Having passed both the House and Senate, SB 11, co-sponsored by Senators Carlos Cisneros and Richard Martinez and Representatives Christine Chandler and Andrea Romero, was signed into law today.

The bill removes any non-profit prime contractor operating a national laboratory in New Mexico from the New Mexico Gross Receipts Tax (GRT) exemption. The new law would include Sandia and the Los Alamos National Laboratory (LANL). The State and various communities surrounding LANL, particularly Los Alamos County, receive millions from the GRT tax revenues from lab activities.

Representative Chandler said, “Ensuring continued, stable GRT from the Los Alamos National Laboratory is critical to the long-term financial strength of the region. By ensuring passage of this bill, I fulfill a campaign promise and maintain funding for jobs and essential services for our district residents.” She continued, “Los Alamos in particular would be hard hit by a multi-million dollar cut and local businesses and taxpayers would be left unfairly covering the costs of critical infrastructure and services.”

Rep. Chandler can be reached during the session in her office Room 203B, by phone at 505.986.4226 or via email christine.chandler@nmlegis.gov and welcomes constituent input.

 

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