/tags/tax-credits Tax credits en-US Copyright Fri, 09 Feb 2024 01:45:25 GMT /local-news/2024-02-08/bill-would-create-new-tax-credits-for-renewable-energy-facilities A Senate bill aims to make New Mexico a more attractive place to put renewable manufacturing facilities. Fri, 09 Feb 2024 01:45:25 GMT /local-news/2024-02-08/bill-would-create-new-tax-credits-for-renewable-energy-facilities Jeanette DeDios /local-news/2024-01-29/electric-vehicle-tax-credit-bill-hits-wall-tabled-for-now A comprehensive electric vehicle tax credit bill reached a stalemate in the House Taxation and Revenue committee Monday morning after members voted to temporarily table the legislation following a lengthy discussion of its merits. Mon, 29 Jan 2024 21:19:53 GMT /local-news/2024-01-29/electric-vehicle-tax-credit-bill-hits-wall-tabled-for-now Bryce Dix /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/2023-02-09/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 /public-health-new-mexico/2013-11-05/in-the-southwest-nearly-60-percent-of-health-exchange-users-would-see-tax-credits It's estimated that 7.4 million people in the southwest will be buying insurance on their own under the Affordable Care Act. Approximately 60 percent of… Wed, 06 Nov 2013 03:39:46 GMT /public-health-new-mexico/2013-11-05/in-the-southwest-nearly-60-percent-of-health-exchange-users-would-see-tax-credits