STORES ACROSS NEW MEXICO WERE BUSY OVER THE WEEKEND AS THE STATE HELD ITS TAX FREE WEEKEND. CRITICS SAY IT’S JUST A GIMMICK…THAT THE STATE SHOULD INSTEAD BE FOCUSING ON TAX REFORM.
SENATE FINANCE COMMITTEE CHAIRMAN JOHN ARTHUR SMITH SAYS THAT SUBJECT HAS BEEN DIFFICULT TO RESOLVE. TAX REFORM HAS BEEN ON THE TABLE FOR 15 OR 16 YEARS, AND HE SAYS THE DEVIL IS ALWAYS IN THE DETAILS FOR TAX REFORM.
IF IT WERE TO COME UP BEFORE THE LEGISLATURE AGAIN, SMITH SAYS HE’D PROBABLY VOTE TO END THE YEARLY TAX HOLIDAY. HE SAYS HE’D LIKE TO SEE A BROADER TAX BASE BY ENDING A LOT OF THE EXEMPTIONS CURRENTLY IN PLACE.
