/tags/tax-code-reform Tax Code Reform en-US Copyright Wed, 15 Jan 2025 01:23:18 GMT /local-news/2025-01-14/poverty-fell-more-than-a-third-in-new-mexico-due-to-tax-changes-but-theres-more-to-do Many in New Mexico lack adequate food, secure housing, affordable healthcare, and fair-paying jobs. But by the numbers, so gradual it’s difficult to detect, changes to state tax policy are softening the bite of poverty. Wed, 15 Jan 2025 01:23:18 GMT /local-news/2025-01-14/poverty-fell-more-than-a-third-in-new-mexico-due-to-tax-changes-but-theres-more-to-do Ted Alcorn, New Mexico In Depth /local-news/2024-01-08/lawmakers-propose-far-less-tax-relief-after-governor-vetoed-most-of-last-years-package After the governor made massive cuts to the Legislature’s tax relief bill last year, lawmakers are proposing an even more conservative approach than she is this time around. Mon, 08 Jan 2024 23:38:22 GMT /local-news/2024-01-08/lawmakers-propose-far-less-tax-relief-after-governor-vetoed-most-of-last-years-package Nash Jones /local-news/2023-03-13/house-approved-bill-ups-direct-payments-and-eliminates-tax-hike-for-top-nm-earners A tax reform package got the go-ahead from the New Mexico House late Sunday with a few substantial changes. The amended bill increases the amount all taxpayers will get in direct payments and nixes a proposed tax hike for New Mexicans who make the most. Mon, 13 Mar 2023 23:49:29 GMT /local-news/2023-03-13/house-approved-bill-ups-direct-payments-and-eliminates-tax-hike-for-top-nm-earners Nash Jones /local-news/2023-03-06/massive-nm-tax-bill-contains-smaller-direct-payments The House Taxation and Revenue committee has been hearing tax proposals for 48 days and, on Monday, it passed a bill that compiles around 20 of them into a comprehensive package. It includes a significant reduction of direct payments called for by the governor in order to make room for other reforms. Tue, 07 Mar 2023 01:15:43 GMT /local-news/2023-03-06/massive-nm-tax-bill-contains-smaller-direct-payments Nash Jones /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/2023-01-30/what-is-tax-pyramiding-and-why-are-their-efforts-to-curtail-it Legislation to reduce “pyramiding” in New Mexico’s tax code will likely be proposed this legislative session. While the move could provide relief for small businesses and consumers, it’ll also reduce the recurring revenue of the state’s gross receipts tax. Tue, 31 Jan 2023 02:27:10 GMT /local-news/2023-01-30/what-is-tax-pyramiding-and-why-are-their-efforts-to-curtail-it Nash Jones /local-news/2018-01-17/governor-talks-working-with-mexico Gov. Susana Martinez delivered the State of the State address Tuesday, January 16, at the start of this year’s 30-day legislative session. The session is… Wed, 17 Jan 2018 18:34:22 GMT /local-news/2018-01-17/governor-talks-working-with-mexico