Lea County Proposes Gross Receipts Tax Hike to Fund Legal Challenges
What happened
Lea County is considering a proposal to raise its gross receipts tax. The measure, which Randall Pettigrew petitioned for, would impose an additional penny of tax for every $100 in taxable sales in unincorporated areas of the county. The funds are intended to support legal challenges against new gun control laws adopted by the state legislature in Santa Fe.
From bearingarms.com
Why it matters
If approved, the tax increase would apply to businesses operating in unincorporated areas of Lea County. Since most businesses are expected to pass these taxes on to consumers, the measure could affect the cost of taxable purchases in the region.
From bearingarms.com
Who's involved
- Randall PettigrewPetitioned for the tax measure citing concerns over state legislation
- Lea CountyThe county considering the proposal to raise the gross receipts tax
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Lea CountySpeculative
Businesses in unincorporated areas of Lea County might face higher operating costs due to the proposed gross receipts tax.
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The entities involved
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Lea County
county in New Mexico, United States
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