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Las Vegas Optic

The tax measure approved by the Legislature gives tax credits to law firms for gross receipts taxes, which are basically sales taxes, on services they provide to victims of the fire. Law firms can only get the tax credit if they don’t pass the taxes onto fire survivors in their bill for services. 

Lujan Grisham has until March 6 to sign the tax bill into law. 

After the U.S. Forest Service accidentally ignited the 530-square-mile wildfire in spring of 2022, destroying hundreds of homes, local and national law firms arrived and began soliciting clients. Congress in late 2022 approved nearly $4 billion to compensate victims of the fire. In the same law, Congress capped payments to law firms at 20% of compensation they secure on behalf of clients.

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