Linda Lopez voted Yea (Passage) on this Legislation.
Title: Restructures the State Tax System
Signed by Governor Michelle Lujan Grisham
Title: Restructures the State Tax System
Vote to pass a bill that restructures the state tax system in New Mexico.
Repeals previous tax language regarding definitions of brackets and who qualifies for which bracket depending on income (Sec. 1).
Expands the amounts available for child tax credits for certain taxpayers (Sec. 1).
Establishes additional 2021 tax rebates (Sec. 1).
Expands the amount of tax credits available for film productions in the state (Sec. 1).
Defines terms related to film production and new tax credits available for film productions in New Mexico (Sec. 1).
Amends eligibility for certain tax credits (Sec. 1).
Expands tax reduction for certain healthcare practitioners (Sec. 1).
Title: Restructures the State Tax System
Vote to pass a bill that restructures the state tax system in New Mexico.
Repeals previous tax language regarding definitions of brackets and who qualifies for which bracket depending on income (Sec. 1).
Expands the amounts available for child tax credits for certain taxpayers (Sec. 1).
Establishes additional 2021 tax rebates (Sec. 1).
Expands the amount of tax credits available for film productions in the state (Sec. 1).
Defines terms related to film production and new tax credits available for film productions in New Mexico (Sec. 1).
Amends eligibility for certain tax credits (Sec. 1).
Expands tax reduction for certain healthcare practitioners (Sec. 1).
Title: Restructures the State Tax System