Bill helping small businesses moves to House floor

Legislature

SANTA FE, N.M. (KRQE) – A $200 million small business relief package is headed to the House floor. Under House Bill 11, businesses would be able to receive up to $100,000 in quarterly payments for rent, payroll, and equipment costs. It also directs up to 75% of gross receipts tax from large LEDA projects back into the program. The bill cleared the House Taxation and Revenue Committee by an 11-to-1 vote.

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