SANTA FE, NM (KRQE) – New Mexico lawmakers are expected to discuss a recent report suggesting the state owes hundreds of millions of dollars in unpaid taxes. The presentation will be made at a meeting of the New Mexico Legislative Finance Committee (LFC) on Thursday.
KRQE News 13 will live stream the presentation of the report Thursday morning here in this article. According to the LFC meeting agenda, the presentation is expected to begin around 11 a.m. However, this time may be subject to change depending on the length of the presentations previously scheduled.
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The report was recently announced in the LFC’s July 2021 newsletter. The LFC suggests that New Mexico’s so-called “tax gap”, which taxpayers owe but don’t pay, has grown over the years. last five years, from about $ 635 million to $ 743 million, money that could boost many government programs.