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New Mexico Senate passes bill that would expand access to solar power

New Mexico Senate passes bill that would expand access to solar power
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Legislative notebook: New Mexico House passes bill to protect renters

Broadband legislation now heads to NM House

Legislature: Tax Fairness And Reform Bill Passes House

HOUSE DEMOCRATS NEWS Today, the New Mexico House of Representatives passed long-needed reforms that make the state’s tax code fairer and diversify New Mexico’s sources of revenue. The measure passed on a party-line vote of 42-27 and will head next to the Senate.  Sponsored by Representatives Javier Martinez (D-Albuquerque), Christine Chandler (D-Los Alamos), and Matthew McQueen (D-Galisteo), HB 291 expands two proven poverty-reduction programs in the state: the Working Families Tax Credit (WFTC) and the Low Income Comprehensive Tax Rebate (LICTR). The legislation reforms what has been a relatively flat tax structure in New Mexico, creating three new tax brackets for the state’s highest income earners. It also ends tax breaks on second homes and removes the capital gains deduction for individuals selling stocks, bonds, and businesses, while still maintaining the benefit for the sale of New Mexico small businesses.   

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