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Key Votes

SB 9 - Changes Corporate Income Tax Rates and Filing Requirements - Key Vote

New Mexico Key Votes

Carroll Leavell voted Nay (Passage) on this Legislation.

Read statements Carroll Leavell made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Vetoed (Executive) -

Title: Changes Corporate Income Tax Rates and Filing Requirements

Legislation - Bill Passed (House) (36-33) -
Legislation - Bill Passed (Senate) (28-13) - (Key vote)

Title: Changes Corporate Income Tax Rates and Filing Requirements

Vote Smart's Synopsis:

Vote to pass a bill that reduces corporate income tax rates and requires combined reporting for certain corporations beginning January 1, 2013.

Highlights:

-Reduces corporate income tax rates for net incomes over $1 million from 7.6 to 7.5 percent of income over $1 million (Sec. 1).

-Requires all corporations with at least one retail location of more than 30,000 square feet in New Mexico to include the net income of the entire corporation (Sec. 2).

Legislation - Introduced (Senate) -

Title: Changes Corporate Income Tax Rates and Filing Requirements

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