HB-14 passed the state senate with a 36-1 vote after oil and gas tax provisions were stripped out. Among other provisions, the tax package would have given a personal income tax break to an estimated 101,000 working New Mexicans and would have provided a tax credit or deduction for foster parents and health care practitioners. It also called for a 20% hike in New Mexico’s liquor excise tax rate.
Governor beats deadline by signing $10.8 billion budget bill, but vetoes tax package