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Senator Gay Kernan, Representative Cathrynn Brown Advance Legislation to Address “Destination Sourcing” Revenue Loss for the City of Carlsbad

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SANTA FE – Today, Senate Bill 292, sponsored by Senator Gay Kernan (R-Hobbs) and Representative Cathrynn Brown (R-Carlsbad), cleared the Senate Finance Committee with unanimous, bipartisan support. The bill appropriates $25 million for the City of Carlsbad to offset revenue loss resulting from the state’s recent transition to destination-based sourcing of the gross receipts tax (GRT). The appropriation is a one-time, nonrecurring expense to the general fund.

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Daily Update, Thursday, June 27, 2024

298 Views   Ground efforts hindered by severe weather conditions Interactive property map updates available for Village of Ruidoso. Property access status updates are available, including

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