Key Votes
SB 24 - Tax Rebate - Key Vote
New Mexico Key Votes
Stages
- Aug. 25, 2008 Executive Signed
- Aug. 19, 2008 Senate Concurrence Vote Passed
- Aug. 19, 2008 House Bill Passed
- Aug. 18, 2008 Senate Bill Passed
- Aug. 16, 2008 Introduced
Family
Issues
Stage Details
Legislation - Signed (Executive) - Aug. 25, 2008
Title: Tax Rebate
Signed by Governor Bill Richardson
Legislation - Concurrence Vote Passed (Senate) - Aug. 19, 2008
Legislation - Bill Passed (House) (51-16) - Aug. 19, 2008 (Key vote)
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.
Legislation - Bill Passed (Senate) (36-2) - Aug. 18, 2008 (Key vote)
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.
Note:
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.
Legislation - Introduced (Senate) - Aug. 16, 2008
Title: Tax Rebate
Sponsors
- Bernadette M. Sanchez (NM - D) (Out Of Office)
