Food, prescriptions should remain tax-free
Albuquerque Journal--Last week the New Mexico House of Representatives voted unanimously to remove the food tax from House Bill 412, the most comprehensive tax reform legislation in a generation. New Mexico’s gross receipts or sales tax system is a mess. It is undermined by 383 loopholes, exemptions and deductions for a grab bag of things ranging from fuel for space vehicles to professional boxing matches to recreational vehicle sales. Rep. Jason Harper, R-Rio Rancho, has been thoughtfully leading the fight to close these and dozens of other loopholes and to use the resulting revenue to reduce overall tax rates.