Legislature To Consider Business, Land-Use Bills

<b></b>
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Santa Fe, New Mexico-To the consternation of out-of-state franchisors, the New Mexico Court of Appeals recently determined that service fees collected from franchise outlets in New Mexico are subject to the state's gross-receipts tax. However, during the upcoming session of the state legislature, a new bill is expected to be introduced that will reverse the court's ruling by allowing out-of-state corporations a gross-receipts tax reduction for services such as marketing and training rendered to franchisees in New Mexico. -The Santa Fe New Mexican

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur