House committee advances bill to expand land-conservation tax credit and add refundable option The House Commerce Committee voted 6–3 to give HB186 a do-pass recommendation. Sponsors said the bill raises project caps to $2 million, boosts the credit percentage and makes credits refundable to help 'land-rich, cash-poor' owners; members pressed fiscal and equity concerns.

New Mexico's House Bill 186 is set to revolutionize land conservation by empowering private owners with higher tax credits and a refundable option to protect vital habitats and cultural resources.

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