THE TAX ON FOOD COULD RETURN IN NEW MEXICO. IT’S BEING CONSIDERED NOW BY GOVERNOR SUSANA MARTINEZ AS A WAY TO COME TO TERMS WITH LEGISLATORS ON THE BUDGET PLAN. THE GOVERNOR VETOED THE TAX AND FEE HIKES INCLUDED IN THE BUDGET PLAN SHE GOT FROM THE LEGISLATURE.
MARTINEZ HAS SCHEDULED A SPECIAL SESSION FOR MAY 24TH TO COME UP WITH A NEW PLAN. SHE SAYS SHE’LL CONSIDER RE-INSTATING THE FOOD TAX ONLY IF IT’S COMBINED WITH REFORMS TO LOW OVERALL TAX AND SALES TAX RATES.
