Support State Senator Peter Wirth's effort to close New Mexico's corporate tax loophole and make all out-of-state corporations pay their fair share of New Mexico state taxes.
Why is this important?
New Mexico's tax code favors multi-state coporations over our local businesses. We are the last Western state with a corporate tax that allows multi state companies to shift profits earned in New Mexico to a state like Delaware which has no corporate tax. Requiring "unitary combined reporting" would level the playing field for New Mexico businesses and recoup lost revenues that are needed for our schools, healthcare and public safety.
