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Senate adopts amendment and passes House Tax and Revenue committee substitute for House Bill 2332 Senators approved an amendment to a House Tax and Revenue Committee substitute and passed House Bill 2332, a capital reauthorization measure, by a recorded vote of 7-1 with three senators excused; proponents said certain, timely submissions had been omitted from the original bill.

In a surprising turn, the New Mexico Senate swiftly approved House Bill 2332 after addressing key omissions, igniting discussions about transparency and accountability in legislative processes.

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House taxation panel advances amended Senate tax package, restores 1% pay increase and extends select credits The House Taxation and Revenue Committee approved a House amendment to the Senate substitute for Senate Bill 151, restoring a 1% pay increase for state employees, extending a high-wage jobs tax credit and adding capped, sunsetted tax breaks for physicians, affordable housing and local news; committee recommended the amended substitute 7–5.

The House Taxation and Revenue Committee just advanced a significant tax bill that restores a 1% salary increase for state employees and extends key tax credits aimed at boosting local economies!

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Tax-code cleanup bill advances after removing tribal film-credit expansion and adopting rounding, interception fixes House Bill 291, the annual tax-code cleanup bill, passed the committee twice amended after lawmakers adopted technical fixes including rounding rules for cash remittances, the ability to intercept delinquent property auction proceeds to pay state tax debts, and removal of a proposed expansion to allow certain tribal land film expenditures to qualify for the refundable film tax credit.

New Mexico's House Bill 291 is shaking up tax codes with major amendments, but not everyone is on board with the changes!

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High‑stakes debate over corporate tax 'capacity' bill leaves SB151 held for the tax package SB151, a capacity bill to decouple New Mexico corporate tax rules from recent federal changes, prompted broad, heated testimony from industry and advocates; committee held the bill for the tax package and signaled further review in Finance.

A fierce debate is brewing over New Mexico's SB151, a corporate tax bill that could reshape the state’s financial landscape and impact local businesses.

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#NM #NewMexicoTaxation #CitizenPortal #RevenueStability #CorporateTaxation #PublicTestimony

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Senate committee deems gas‑tax indexing bill 2 13 germane after debate on revenue impact A Senate committee deemed bill 2 13 germane after members disputed whether indexing the gas tax to the consumer price index is a revenue increase or purely policy; the committee advanced several bills into committee reports by unanimous consent.

A Senate committee has sparked debate by deeming a bill that indexes gas taxes to inflation as germane, igniting concerns over automatic revenue increases for transportation funding.

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New Mexico House debates $130M tax revenue plan amid industry concerns Legislators discuss the implications of tax increases on oil and gas industries in New Mexico.

New Mexico lawmakers are locked in a fierce debate over a tax bill that could raise $130 million, but will it truly benefit working families or just create a financial burden?

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#NM #NewMexicoTaxation #FamilySupport #EconomicStability #IndustryInvestment #CitizenPortal

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City increases oil tax to fund new tax credit scheme City raises oil tax by $130 million while reducing gas tax by $11.4 million.

New Mexico is shaking up its tax structure, raising oil taxes by $130 million while cutting gas taxes to save consumers $11.4 million—will this balance the budget or spark outrage?

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#NM #NewMexicoTaxation #FiscalResponsibility #EconomicGrowth #CitizenPortal #EnergyPolicy

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New Mexico lawmaker criticizes House Bill 2 as flawed tax policy Lawmaker labels House Bill 2 as poor tax policy lacking support for key industries

A New Mexico lawmaker is calling the proposed tax policies "awful" and warns that targeting profitable industries could threaten the state's economic stability.

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#NM #NewMexicoTaxation #IndustrySupport #EconomicGrowth #TaxPolicy #CitizenPortal

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New Mexico lawmakers discuss oil and gas tax adjustments amid workforce concerns Legislators evaluate oil and gas tax rates and workforce impacts during budget discussions.

New Mexico lawmakers are grappling with critical tax reforms that could reshape the state's economy and impact low-income families amidst oil price volatility.

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#NM #NewMexicoTaxation #TaxReform #OilGasIndustry #EconomicStability #CitizenPortal

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New Mexico legislates stricter penalties for tax law interference and employee assaults New Mexico amends laws to impose heavier fines for obstructing tax administration and assaulting employees

New Mexico is on the brink of a legislative showdown as House Bill 198 proposes hefty fines and tougher penalties to protect tax officials from threats and violence.

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#NM #NewMexicoTaxation #PublicSafety #LegislativeReform #EmployeeProtection #CitizenPortal

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