Taxes /tags/taxes Taxes en-US Copyright Fri, 28 Feb 2025 21:50:34 GMT Key legislative committee advances alcohol tax increase /local-news/2025-02-28/new-mexico-legislature-alcohol-tax-increase Fri, 28 Feb 2025 21:50:34 GMT /local-news/2025-02-28/new-mexico-legislature-alcohol-tax-increase Ted Alcorn, New Mexico In Depth Poverty fell more than a third in New Mexico due to tax changes, but there’s more to do /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 Democratic legislators search for agreement on alcohol tax hike /local-news/2025-01-13/democratic-legislators-search-for-agreement-on-alcohol-tax-hike For the third straight year, lawmakers are trying to raise taxes on alcoholic drinks, in an attempt to reduce New Mexico’s worst-in-the-nation alcohol-related death rate. Mon, 13 Jan 2025 23:42:33 GMT /local-news/2025-01-13/democratic-legislators-search-for-agreement-on-alcohol-tax-hike Ted Alcorn, New Mexico In Depth Lawmakers and industry leaders spar over possible increased tax on alcohol sales /lawmakers-discuss-raise-on-alcohol-tax-in-nm Some lawmakers want to make another attempt to increase taxes on alcohol sales in the upcoming legislative session. Industry leaders met with some lawmakers Wednesday to state their case against the tax. Thu, 17 Oct 2024 15:25:17 GMT /lawmakers-discuss-raise-on-alcohol-tax-in-nm Daniel Montaño All New Mexicans will pay less income tax after first major change in nearly 20 years /2024-03-11/all-new-mexicans-will-pay-less-income-tax-after-first-major-change-in-nearly-20-years Starting in the 2025 tax year, New Mexicans will see the impact of the first major adjustment to the state’s income tax structure since 2005. All state taxpayers will owe less, but especially those who make the least. Mon, 11 Mar 2024 21:36:01 GMT /2024-03-11/all-new-mexicans-will-pay-less-income-tax-after-first-major-change-in-nearly-20-years Nash Jones NM lawmakers fail to take substantive action on nation’s highest alcohol-related death rate /local-news/2024-02-20/nm-lawmakers-fail-to-take-substantive-action-on-nations-highest-alcohol-related-death-rate New Mexico has the highest rate of alcohol-related deaths in the nation and the situation has gotten even worse since the pandemic. Despite this, state lawmakers this session failed to pass any substantive measures to curb the crisis. Public health reporter Ted Alcorn has long covered the issue for New Mexico in Depth. He spoke with ¾ÅÉ«Íø about a debate over whether and how to change the way the state taxes alcohol. Democrats filed competing bills this year, neither of which got to the governor. Wed, 21 Feb 2024 02:43:44 GMT /local-news/2024-02-20/nm-lawmakers-fail-to-take-substantive-action-on-nations-highest-alcohol-related-death-rate Nash Jones New Mexico lawmakers won’t raise alcohol taxes this year either /local-news/2024-02-09/new-mexico-lawmakers-wont-raise-alcohol-taxes-this-year-either New Mexico lawmakers will once again not raise taxes on alcohol this year, nor redistribute more of the revenue to treatment and prevention. Neither of two competing bills amending the liquor excise tax made it out of the House Taxation and Revenue Committee Friday. Sat, 10 Feb 2024 00:55:14 GMT /local-news/2024-02-09/new-mexico-lawmakers-wont-raise-alcohol-taxes-this-year-either Nash Jones Yet another attempt to raise the state's alcohol tax moves ahead in the NM House /local-news/2024-01-29/yet-another-attempt-to-raise-the-states-alcohol-tax-moves-ahead-in-the-nm-house New Mexico has not raised its alcohol excise tax since 1993, but not for lack of trying. Numerous bills have been introduced over the last three decades, but none have been signed into law. Last year, an increase made it through the Roundhouse only to be vetoed by Gov. Michelle Lujan Grisham. This year, lawmakers in the state with the highest alcohol-related death rate in the country are giving it another go. Tue, 30 Jan 2024 01:10:50 GMT /local-news/2024-01-29/yet-another-attempt-to-raise-the-states-alcohol-tax-moves-ahead-in-the-nm-house Nash Jones Lawmakers propose far less tax relief after governor vetoed most of last year’s package /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 Relief payment applications open for NM residents who won’t get a tax rebate this month /local-news/2023-06-12/relief-payment-applications-open-for-nm-residents-who-wont-get-a-tax-rebate-this-month New Mexico residents with low incomes can apply for state economic relief beginning Monday, June 12. The payments are for those who don’t qualify for the tax rebates that start going out next week. Though officials recommend retroactively filing a tax return, and getting access to a rebate instead, if possible. Tue, 13 Jun 2023 01:09:20 GMT /local-news/2023-06-12/relief-payment-applications-open-for-nm-residents-who-wont-get-a-tax-rebate-this-month Nash Jones