New Los Alamos lab manager Triad will pay GRT, official says
By Andy Stiny | firstname.lastname@example.org
Aug 22, 2018 Updated 16 hrs ago
A representative of Triad National Security LLC, which takes over management of Los Alamos National Laboratory in November, said Wednesday the consortium will pay gross receipts taxes, easing concerns of local officials about losing millions of dollars in revenue.
Scott Sudduth, assistant vice chancellor with the Office of Federal Relations for the Texas A&M University system, told an audience of about 50 community members during a meeting in Los Alamos that the New Mexico Taxation and Revenue Department responded to a recent inquiry from Triad by saying that “it is their view that the gross receipts tax does apply to Triad.”
Los Alamos County officials had said previously that if Triad were deemed to have nonprofit status, the county estimated it could lose $21 million annually and the state $23 million in gross receipts tax revenues, according to published reports.