Tax & Rev

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.

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.

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.

Significant tax reforms are expected to move through the Roundhouse this year with bipartisan support. Bill Jordan with New Mexico Voices for Children is calling for lawmakers to create a more equitable tax code — not only with an eye towards income levels, but race and gender as well.

In episode 38, we're talking about the state's small businesses struggling to hang on during the shutdown and what resources they can find from…