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AED Presents: Important NM Tax Changes

Wednesday, October 20 @ 2 p.m.

The Albuquerque metro area and the State of New Mexico offer aggressive business incentives that help reduce overall cost of doing business. This webinar we will update:

  • New GRT sourcing rules that took effect 7/1/2021 – This will cover destination-based sourcing rules that became effective 7/2/2021 and will affect every type of business in our region.
  • Changes to GRT on consumables which will no longer make the purchase or lease of qualified manufacturing equipment subject to tax effective 1/1/2022.  What type of NTTC will be required for equipment.
  • CRS-1 filing – what use to be filled out on one form now requires reporting on three different forms and has become very challenging and time consuming for all businesses.

Joining and facilitating the discussion is Marcus Mims, CLA Albuquerque.