Come Jan. 1, San Miguel County residents will pay a little more in gross receipts taxes after the San Miguel County Commission voted unanimously this past Tuesday to increase the tax rate.
The one-twelfth-of-one-percent increase approved will likely generate between $290,000 and $340,000 in new revenue for the county each year and will cost people purchasing goods and services in the county about 8 cents more on a $100 purchase. New Mexico doesn’t charge gross receipts taxes on groceries or medication.
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