/tags/tax-benefits Tax Benefits en-US Copyright Wed, 15 Feb 2023 04:04:30 GMT /local-news/2023-02-14/private-childcare-businesses-call-for-a-tax-break-to-even-out-with-nonprofits Childcare is expensive. But in New Mexico, the Early Childhood Education and Care Department provides subsidies to help contractors meet the needs of many families. All programs that provide the same services in the same type of facility for the same age groups get the same amount, but for-profit providers pay tax on those state dollars that nonprofit and government programs do not. Private providers are now asking the state Legislature to change that. Wed, 15 Feb 2023 04:04:30 GMT /local-news/2023-02-14/private-childcare-businesses-call-for-a-tax-break-to-even-out-with-nonprofits Nash Jones /local-news/2023-02-09/competing-proposals-would-increase-nm-child-tax-credit The expansion of the federal child tax credit in 2021 made a dent in how many U.S. children are living in poverty, but it ended after just one year. New Mexico, a state with the second highest child poverty rate in the country, quickly passed its own version of the tax relief for people with children last year. While parents won’t see the benefits of the state credit until they file taxes next year, lawmakers are already debating whether to increase it. Fri, 10 Feb 2023 01:39:55 GMT /local-news/2023-02-09/competing-proposals-would-increase-nm-child-tax-credit Nash Jones /local-news/2016-07-29/tax-benefits-proposal-for-santolina-provokes-critique Tax subsidies are often used as a kind of sweet carrot to incentivize developers to invest in abandoned or run down parts of cities, bringing resources… Fri, 29 Jul 2016 16:30:32 GMT /local-news/2016-07-29/tax-benefits-proposal-for-santolina-provokes-critique