According to the New Mexico Restaurant Association, only 500 restaurants in the state have taken advantage of the Gross Receipts Tax Deduction/Rebate that was authorized by the state legislature to aid pandemic-impacted New Mexico restaurants.

Senate Bill 1, passed during the 2021 legislative session, allows restaurants to keep as a tax deduction the gross receipts tax charged for sales of prepared food and drinks made after March 1, 2021 and before July 1, 2021. Fast-food restaurants are not eligible, however, mobile and food truck businesses can take the deduction.