Education surtax bill 346 cleared the House and is headed to the Senate with a week left in the legislative session.
The bill proposes to raise taxes by nearly $400 million a year to finance public school improvements. It will increase the gross receipts tax by three-quarters of a cent.
For a $100 purchase, the tax would go up 75 cents if the bill is enacted.
Rep. Jeannette Wallace, R-Los Alamos, Santa Fe and Sandoval counties addressed the proposed measure this morning.