Los Alamos National Laboratory tax status now in question
SANTA FE – The issue of whether the new managers of Los Alamos National Laboratory will pay state taxes remains unsettled, even as Triad National Security LLC is set to take over the lab on Nov. 1.
While Triad officials have stated publicly that they will pay New Mexico gross receipts taxes, Los Alamos County Manager Harry Burgess said he has learned that the federal government is pushing Triad to apply to the Internal Revenue Service for 501(c)3 nonprofit status, which would make the new lab management group tax-exempt.
Los Alamos County would lose $20 million a year – 40 percent of its general fund budget – without its share of lab GRT, said Burgess. Citing a legislative study, he said state government would lose $25 million.
Smaller amounts of GRT from lab purchases go to other local governments and entities like the North Central Regional Transit District’s regional bus service.
Read more: https://www.abqjournal.com/1235462/lanl-tax-status-now-in-question.html
