This Rio Grande Foundation study, ” New Mexico’s Gross Receipts Tax: A Warning to Other States” examines the economic impact of the state’s unique gross receipts tax and discusses both the economic and political problems associated with it.  The paper offers suggestions for other states that are looking to adopt their own gross receipts taxes and gives New Mexico policymakers ideas for making the tax less onerous and less open to rent seeking.

Click here to download the study in pdf format.