Regional News: Bill proposes tax credit for people recently moved to New Mexico

By Rachel Knapp | KRQE TV

A state lawmaker wants to give a unique welcome gift to people who just moved to New Mexico – a credit on their taxes.

Republican Senator James White said he wants to put more money back into people’s pockets and thinks his bill will make it happen.

“If you filed an income tax return you’re eligible to get a rebate, the rebate should be automatic the way the bill is designed,” said Sen. White (R) Albuquerque. “And if your tax return shows up and your income is in the right category, then you’ll get a return.”

Senate Bill 82

In Senate Bill 82, Senator White is pushing for anyone who moved to New Mexico between January 2019 and December 2019 who is filing as a single and making less than $50,000 dollars to get an extra $50. Married taxpayers filing jointly could pocket $100 if they’re also making less than $50,000, and if taxpayers have dependents, they could get $50 back per dependent.

READ ON:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

PRTA suspends operations

(Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County who have worked to bring new transportation infrastructure to the

Read More »