SB 24 - Tax Rebate - New Mexico Key Vote
Jose Campos II voted Yea (Passage With Amendment) on this Legislation.
Timeline
- Executive Signed
- Aug. 25, 2008
- Senate Concurrence Vote Passed
- Aug. 19, 2008
- House Bill Passed
- Aug. 19, 2008
- Senate Bill Passed
- Aug. 18, 2008
- Introduced
- Aug. 16, 2008
Related Issues
Stage Details
Title: Tax Rebate
Signed by Governor Bill Richardson
Title: Tax Rebate
Vote Smart's Synopsis:
Vote to pass a bill that appropriates $750,000 to the Taxation and Revenue Department to provide New Mexico taxpayers with an income tax credit for the 2007 taxable year, depending upon their adjusted gross income.
Highlights:
- Sets the tax credit allowed for married taxpayers filing jointly according to the following adjusted gross incomes [sec. 1 (C) (1)]:
- - Less than $30,000: $100, plus $50 for each dependent;
- Between $30,000 and $50,000: $80, plus $40 for each dependent;
- Between $50,000 and $70,000: $50, plus $25 for each dependent; and
- More than $70,000: $0.
- - Less than $30,000: $50, plus $50 for each dependent;
- Between $30,000 and $50,000: $40, plus $40 for each dependent
- Between $50,000 and $70,000: $25, plus $25 for each dependent; and
- More than $70,000: $0.
Title: Tax Rebate
Vote Smart's Synopsis:
Vote to pass a bill that appropriates $750,000 to the Taxation and Revenue Department to provide New Mexico taxpayers with an income tax credit for the 2007 taxable year, depending upon their adjusted gross income.
Highlights:
- Sets the tax credit allowed for married taxpayers filing jointly according to the following adjusted gross incomes [sec. 1 (C) (1)]:
- - Less than $30,000: $100, plus $50 for each dependent;
- Between $30,000 and $50,000: $80, plus $40 for each dependent;
- Between $50,000 and $70,000: $50, plus $25 for each dependent; and
- More than $70,000: $0.
- - Less than $30,000: $50, plus $50 for each dependent;
- Between $30,000 and $50,000: $40, plus $40 for each dependent
- Between $50,000 and $70,000: $25, plus $25 for each dependent; and
- More than $70,000: $0.
More Info About this Vote
NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.
Title: Tax Rebate