New Mexico Governor Releases COVID-19 Recovery Roadmap
Citations: Roadmap to Recovery
SUMMARY BY TAX ANALYSTS
New Mexico Gov. Michelle Lujan Grisham (D), along with the Economic Recovery Council, released her plan for the state’s economic recovery from COVID-19, including earmarking 50 percent of severance tax bonding capacity for expanding broadband infrastructure; amending the Local Economic Development Act to allow gross receipts taxes generated by projects to support larger projects; implementing a 2 percent statewide tourism tax; and extending tax penalty and interest relief.