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HB 2 - Establishes Income Tax Rebates - New Mexico Key Vote

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Title: Establishes Income Tax Rebates

Vote Smart's Synopsis:

Vote to pass a bill that establishes income tax rebates.

Highlights:

 

  • Establishes income tax rebate payments for fiscal year 2021 to be paid as follows (Sec. 1):

    • One payment before June 30, 2022; $500 for head of household or married individuals filing jointly and $250 for single individuals 

    • A second payment between August 1 and August 30, 2022; $500 for head of household or married individuals filing jointly and $250 for single individuals.

  • Establishes a Human Services Program to distribute relief funds to individuals who do not qualify for income tax rebates on a first-come, first served basis, as long as (Sec. 2):

    • They were at least 18 in any part of 2021;

    • They are not a dependent; and

    • They file an application before May 31, 2023.

Full Bill Text

See How Your Politicians Voted

Title: Establishes Income Tax Rebates

Vote Smart's Synopsis:

Vote to amend and pass a bill that establishes income tax rebates.

Highlights:

 

  • Establishes income tax rebate payments for fiscal year 2021 to be paid as follows (Sec. 1):

    • One payment before June 30, 2022; $500 for head of household or married individuals filing jointly and $250 for single individuals 

    • A second payment between August 1 and August 30, 2022; $500 for head of household or married individuals filing jointly and $250 for single individuals.

  • Establishes a Human Services Program to distribute relief funds to individuals who do not qualify for income tax rebates on a first-come, first served basis, as long as (Sec. 2):

    • They were at least 18 in any part of 2021;

    • They are not a dependent; and

    • They file an application before May 31, 2023.

Full Bill Text

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