TAX REFORM: Familiar debate; Lawmakers eye tax changes, more rebates amid NM revenue windfall

Copyright © 2023 Albuquerque Journal SANTA FE – New Mexico's latest revenue windfall has opened the door to a familiar Roundhouse debate – lower ta...

January 16, 2023
4:28 AM

Copyright © 2023 Albuquerque Journal SANTA FE – New Mexico's latest revenue windfall has opened the door to a familiar Roundhouse debate – lower taxes or reshape the tax code. Some lawmakers say the time is right for big changes to New Mexico's tax structure given the revenue bonanza that allowed lawmakers to approve tax rebates of up to $1,500 for New Mexico households last year. 'I'm really hoping we can do some significant tax reform to make our state more competitive,' said Rep. James Strickler, R-Farmington.

Dan Boyd