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COVID-19 Relief Bill Heads To Governor's Desk

COVID-19 Relief Bill Heads To Governor's Desk
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New Mexico COVID-19 Relief Bill Headed to Governor's Desk

Senator Jacob Candelaria (D-Albuquerque),
Senator Siah Correa Hemphill (D-Silver City), and
Representative Javier Martínez (D-Albuquerque), Senate Bill 1 provides a four-month tax holiday for food and beverage establishments. It also creates a $600 tax credit for individuals who earn $31,200 or less, and heads of household, surviving spouses or those married filing jointly who earn up to $39,000.

“The past year has been devastating for New Mexico’s restaurants and bars, as well as frontline essential workers, like janitors and grocery store workers,” said
Rep. Martinez. “Senate Bill 1 provides needed relief for those hardest hit by the pandemic, helping hardworking New Mexicans navigate this difficult time, and putting more money back into our local economies.” ....

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New Mexico Senate Bill 10 To Repeal Abortion Ban Heads To Full Vote On House Floor

New Mexico Senate Bill 10 To Repeal Abortion Ban Heads To Full Vote On House Floor
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Study says taxes in N.M. need more equity

A new study is recommending a menu of options for New Mexico lawmakers to consider as part of a larger effort to stabilize and improve the state s tax structure and reduce its reliance on a single industry or revenue source.
For the average New Mexican, it could mean paying more money at the gas pump.
For more affluent residents, it could mean a higher personal income tax rate structure or losing the capital gains personal income tax deduction.
The 141-page report by the PFM Group of Philadelphia, presented Tuesday to the legislative Revenue Stabilization and Tax Policy Committee, makes more than a dozen policy recommendations. ....

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