At the eleventh hour Saturday, New Mexico’s Legislature passed House Bill 6 which provides several key changes to New Mexico’s Tax Code. Among the changes:

 • Marketplace providers and sellers will be subject to NM Gross Receipts Tax.

 • NM will now use destination sourcing for CRS reporting purposes.

 • A 10% increase in the Working Families Tax Credit.

 • The Motor Vehicle Excise Tax will increase to 4.2%, up from 3%.

Please contact us if you’d like to learn more about how these changes will impact you and your business.