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Civil Plaintiff

Roswell Approves a $2 Million Tax Settlement From the State

The Roswell City Council has approved a prospective settlement agreement with the state that could provide the city with about $2 million.

After a closed session Thursday night at the City Council meeting, the nine city councilors participating at the meeting reconvened and voted unanimously to accept a settlement offer by the New Mexico Taxation and Revenue Department to a lawsuit that has involved 44 plaintiffs, 18 counties and 26 municipalities.

The lawsuit originally filed November 2018 by 19 plaintiffs, including the city of Albuquerque, alleged that the Taxation and Revenue Department shorted local governments the gross receipts taxes due them from at least 2010 to 2015.

 

Read the source article at Roswell Daily Record

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