States

Spaceport tax delay in New Mexico

[Cross-posted from Personal Spaceflight for your reading convenience.]

The attorney general of New Mexico has concluded that a local tax increase passed this spring to help fund development of Spaceport America should not be collected starting January 1 as originally planned because of a lack of a mechanism to spend the revenues. Voters in Doña Ana County, which includes the city of Las Cruces, passed the quarter-cent gross receipts tax increase in April; at the time the tax was set to take effect on January 1. However, county officials had asked that the introduction of the tax be delayed because the money can’t be spent until a spaceport tax district is created, and that district can’t form until at least one other county also approves a similar tax. Two other counties in southern New Mexico, Otero and Sierra, also plan to hold tax referenda, but not until spring 2008 at the earliest.

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>