[{"_1":2,"_112":-5,"_113":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88,100],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6310582,"mediaKeyId","2399686-1428fe6a33f1c19abb400e8e05409e31","parentId",2399686,"title","Committee temporarily tables HB293 to repeal state tax on Social Security benefits after lengthy debate","audioSeconds",2964,"startMs",1469000,"endMs",4433000,"viewUrl","/Search/View?dp=1&key=2399686-1428fe6a33f1c19abb400e8e05409e31&start=1469&end=4433","thumbnailUrl","https://assets.pipeline.soar.com/2399686-1428fe6a33f1c19abb400e8e05409e31/thumbnail_1469000.jpg","articleUrl","/articles/6310582/New-Mexico/Committee-temporarily-tables-HB293-to-repeal-state-tax-on-Social-Security-benefits-after-lengthy-debate","mediaUrl","https://secure.pipeline.soar.com/6310582-b1973f1ffec8561741d2ab07c9779030/orig.mp4?Expires=1770797409&Signature=VhhReXCKIx6s3FexYQSfeggMZkFdfmElxU-HBMpy7CHkf6dKCYFKiGgjzCCa1iX6B5xEvzjWuL2GxzG3MQMOclCjp7yxBNRCrtvmz1oMlYY27gWEaEEMaIbtMy2zwDUpyuVxbCueKBDfASLj4t6eovyr-D~LOyAJKVGK8KPp1SV6x0yqIaNWJCqDp8HaVEfv2J9hj0lloZqHuoQYk2ZAxGRkkCU2xIphiytaGXqm5I73WF9m6-5c8llPIavKvzjnJ~kc7-MUMiCUcDaGdO7LXU4KtUwAZvY6not-4A2gN9lllwfNOcsUyPF-9JvNlDc3k0bJZ1I1phpHKgbMImhXpQ__&Key-Pair-Id=KUT5TJCACFTXG","author","New Mexico Legislature","date","2025-02-26T00:00:00Z","article","The House Revenue & Taxation Committee on March 1 temporarily tabled House Bill 293, legislation that would eliminate New Mexico’s state tax on Social Security benefits.

Representative Sena Cortez, a sponsor, framed the bill as tax relief for seniors and argued repealing the tax would increase household purchasing power, help families who rely on Social Security, and make New Mexico more attractive to retirees. Representative Brown, a longtime sponsor of repeal efforts, said a full repeal remains the preferred policy and noted that New Mexico is one of nine states that still tax Social Security and that other states are moving to repeal.

Policy witnesses discussed fiscal effects and tax‑policy mechanics. Rick May, policy director for House Republican Leadership, told the committee the bill could reduce state general fund revenues by roughly $33 million per year (the hearing referenced an FIR estimate and percentage share); he characterized the loss as about 0.24% of a roughly $13.6 billion general‑revenue base and argued that, in that context, the reduction is manageable. May also highlighted an existing statutory “cliff”: under current law, once adjusted income exceeds $150,000, the taxpayer’s Social Security becomes fully taxable, producing a sharp phase‑in effect.

Committee members questioned distributional effects and the bill’s impact on higher‑income households. Representative Silva said she opposed the bill as written because she believed it primarily benefits higher‑income households and could hurt younger households; other members proposed alternatives such as eliminating the cliff, incremental phase‑outs, or targeting relief to lower‑income seniors. Several members asked for more data and suggested the Legislative Finance Committee’s access to tax microdata (discussed elsewhere in the hearing) would improve future analysis.

Public‑interest testimony included Carla Sonntag, president and CEO of the New Mexico Business Coalition, who testified in support and argued repeal would improve the state’s competitiveness for retirees and could generate additional gross‑receipts tax revenue by increasing local consumer spending.

After extended discussion and technical Q&A about Social Security mechanics, the committee voted by voice to temporarily table the bill so members could study alternatives and request more detailed fiscal analysis. No roll‑call tally was recorded in the transcript.","mediaType","Video","parentTitle","House - Taxation and Revenue Feb 26, 2025","oneSentenceSummary","Sponsors sought a full repeal of the state tax on Social Security benefits; proponents argued repeal would help seniors and attract retirees, while opponents raised distributional concerns and asked for more data. The committee temporarily tabled the bill for further study.","taxTitle","House of Representatives, Legislative, New Mexico","taxId",78418,"location","New Mexico","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6310586,"Committee amends HB207 to reinstate special‑needs definition for adoption tax credit, then temporarily tables the bill",731,751000,1482000,"/Search/View?dp=1&key=2399686-1428fe6a33f1c19abb400e8e05409e31&start=751&end=1482","https://assets.pipeline.soar.com/2399686-1428fe6a33f1c19abb400e8e05409e31/thumbnail_751000.jpg","/articles/6310586/New-Mexico/Committee-amends-HB207-to-reinstate-specialneeds-definition-for-adoption-tax-credit-then-temporarily-tables-the-bill","https://secure.pipeline.soar.com/6310586-fa0fa5ec0f264df76c27074aabe2b63e/orig.mp4?Expires=1770797409&Signature=fvoIyrJsEyl~4WQYBIqGW-Mj1TuNf1zslGdqqQWs3wRnCcZybc-BkfA7acFF9Q557c57-Qsd08NzjYOI8U9hRnsR-8PRFX-AzE3KZVZdC4SJfbqjqLvl8HoEh61tkST4oYOxjESWmhDfzjnkZRZylgj2onX17m2WAhPj51-ADgAVcMjNnuIm9Ho7MzoFK4aChGwsauODPjJC2AlXgucnuc3u0DlOxqVv~jcb5v-Y3-2D1emweDXHqlHWI3Kndr3NgDN4hUi6VbN5N1GkwHkQSS635sDzBwBtuoP5GUL~3algRaGzm1Tj9PZ~Gi8lMgGzBqk-06hf4pmS5aOgLUd~6w__&Key-Pair-Id=KUT5TJCACFTXG","The House Revenue & Taxation Committee on March 1 amended House Bill 207 to restore a statutory definition of a “special needs child” and to preserve the additional incentive within the adoption tax credit for special‑needs adoptions. After debate about fiscal impact and program design, members voted to temporarily table the bill.

Representatives and witnesses said the amendment was developed after consultations with disability advocates and reinstates the special‑needs definition that previously existed in statute. Jim Jackson of the Disability Coalition told the committee the definition came from current statute and was reinstated to avoid eliminating the incentive to adopt children with special needs. Jackson said the definition may not be perfect but reflected existing statutory language.

Members questioned whether the tax credit should be a recurring annual credit or a one‑time payment. Representative Chandler asked whether the $5,000 credit is recurring; the sponsor’s representative said she believed it is recurring. Committee discussion also focused on the bill’s fiscal impact. A fiscal-impact report cited in the hearing gave a FY26 estimate range of roughly $9.2 million to $19.2 million and noted increases in later years; sponsors and members noted the program’s cost would escalate in future fiscal years.

Supporters argued the credit helps place children from foster care into permanent families and provides additional resources for families who adopt children with higher needs. Representative Terrazas cited placement statistics—roughly 297 adoptions a year and roughly 1,800–2,000 children in foster care—to support the policy rationale. Opponents and some members raised affordability and distributional concerns and suggested alternatives such as a sunset provision or making the credit a one‑time payment to limit long‑term cost.

After adopting the amendment and discussing possible changes (including sunset language and one‑time versus recurring credits), the committee voted to temporarily table HB207 so sponsors can return with further refinements. The tabling motion passed by voice vote; a roll‑call tally was not recorded in the transcript.","The committee approved an amendment to HB207 that restores a statutory definition for “special needs child” and reinstates an incentive for special‑needs adoptions; members discussed fiscal impacts (FY26 estimate range ~ $9.2M–$19.2M) and then temporarily tabled the bill for further work, including possible sunset or one‑time credit proposals.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6310590,"Committee gives due-pass recommendation to HB199 to let LFC access limited tax data for evaluations",432,311000,743000,"/Search/View?dp=1&key=2399686-1428fe6a33f1c19abb400e8e05409e31&start=311&end=743","https://assets.pipeline.soar.com/2399686-1428fe6a33f1c19abb400e8e05409e31/thumbnail_311000.jpg","/articles/6310590/New-Mexico/Committee-gives-due-pass-recommendation-to-HB199-to-let-LFC-access-limited-tax-data-for-evaluations","https://secure.pipeline.soar.com/6310590-5471b50eddaaafc7fe3686fee51a4bc2/orig.mp4?Expires=1770797409&Signature=IDcDJbUD9iZfh6hqsJVC3nFMXi-gx42dWP5R8CGhe6GUKTcWTJI2r3GL63lDIjrJUpSuFLGqnVkvmxnY5UZ6sYiJB6VXMbjeTsLq9tNghVLs1xJ-zPLh4P6PacgSqfc0pnTD8oelLRD-5OJEYFaM~Z4DlhzvdsbVtmvyE-NXy46WbIL-dzcyVqSQHn1ft0buQWHJKLOSyGwnfyhJK9n~0aMOzYnrlC5v7Gq7hbVjTdgQ3QBIFF2UR34FU6MCylwqSrwiqDKm5QWRO~l0AlbfHQV8WDDxTqkKCQOsKseQ9tIoQlXZGoJ-qc-h8mQgZS4tw7C-2Z6pBr5iMcScfUAaag__&Key-Pair-Id=KUT5TJCACFTXG","The House Revenue & Taxation Committee on March 1 gave a due-pass recommendation to House Bill 199, which would allow the Legislative Finance Committee (LFC) to obtain specified tax data from the Taxation and Revenue Department (TRD) for evaluation and economic-analysis purposes under a data‑sharing agreement or memorandum of understanding.

Mikaela Fisher, identified in the hearing as LFC deputy director and an expert witness on the measure, told the committee the authority would let LFC use aggregate and business tax data to improve program evaluations. Fisher said LFC staff have performed analysis without direct access to TRD tax files but that access would let the LFC better evaluate program interactions (for example, how job incentive programs stack with other tax credits).

Committee members pressed on confidentiality and operational safeguards. Fisher said the bill requires an MOU with TRD that defines responsibilities and penalties for improper disclosure; that staff accessing tax data must complete IRS-mandated training (similar to TRD requirements); and that the bill prohibits release of personally identifiable information and restricts displays to aggregated results with at least three taxpayers per cell. Fisher also said LFC would likely work within TRD's systems so microdata do not leave TRD’s environment.

Representative Lundstrom and other members expressed surprise the LFC had not had this access in the past and said better tax data could improve fiscal impact reports and program evaluations. Committee discussion noted TRD’s consent and operational capacity; Fisher said TRD had expressed some draft-wording preferences but was generally agreeable to the bill’s provisions while noting potential workload concerns.

The committee moved HB199 by voice to a due‑pass recommendation; no roll-call tally was recorded in the transcript. The committee also noted this measure is part of broader efforts to strengthen the LFC’s evaluation unit.","The committee approved HB199, a bill that would permit the Legislative Finance Committee to receive aggregated state tax data from the Taxation and Revenue Department under a memorandum-of-understanding with confidentiality safeguards, allowing LFC to expand program evaluations.",{"_33":101,"_35":36,"_37":38,"_39":102,"_41":103,"_43":104,"_45":105,"_47":106,"_49":107,"_51":108,"_53":109,"_55":56,"_57":58,"_59":110,"_61":62,"_63":64,"_65":111,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6310595,"Committee advances HB19 as amended to authorize public–private trade port projects",207,68000,275000,"/Search/View?dp=1&key=2399686-1428fe6a33f1c19abb400e8e05409e31&start=68&end=275","https://assets.pipeline.soar.com/2399686-1428fe6a33f1c19abb400e8e05409e31/thumbnail_68000.jpg","/articles/6310595/New-Mexico/Committee-advances-HB19-as-amended-to-authorize-publicprivate-trade-port-projects","https://secure.pipeline.soar.com/6310595-ed0d44a3fab59d1fb376de1470ee9fb2/orig.mp4?Expires=1770797409&Signature=b~JNMOzpzMv5mFW3R~9McS6qMRzBhf~QHi6W5C~oTrmq46~iA69uWHeyeZzHuk6nNjhBwOd-Norw5ZMxz5Uz28JyzmIVrRl23XVMcRcVmHAvoqh4-MZBmB-ZuFl9h5OueNDpYo13g5aEjVWyZvDoqBYhzv1p~jQtfas~P6Px7ThemoQlaz4Bqz92Zp5KjCmC4vGmgHVOv81myok-T2XtMpRfnYUqZdg4MAjVL5iJ2JzQD8m2ejH6JmRFfVpuJQ4YD7L2CRqAeBC-W5fpgvEhs8q9Nyf-sNzR5wTfMjsrQfZ6VfYJ9bdbWC8AXll8~rhWhWodW0g6OvewFMCOlBQ~fw__&Key-Pair-Id=KUT5TJCACFTXG","The House Revenue & Taxation Committee on March 1 advanced House Bill 19 as amended, a measure sponsors described as an economic development bill aimed at using existing infrastructure assets and public–private partnerships to diversify New Mexico’s economy.

Sponsors and proponents said the measure is intended to position New Mexico for trade, reshoring and to reduce the state’s role as a “bridge state” for economic activity. Representative Leshner, a sponsor, told the committee the proposal seeks to create diversification and provide options to mitigate supply-chain disruption.

Committee members adopted amendments requested by labor representatives and clarified how a public partner would perform operations and maintenance for a trade-port project. Under the amendment, operations and maintenance would be performed by the public partner except for broadband telecommunications and energy infrastructure components; the amendment also makes the P3 element subject to the Public Works Minimum Wage Act. The committee acted by voice vote with no roll-call tally recorded and moved the bill forward for a vote.

During the brief discussion, Representative Sullivan asked what had been changed from the earlier hearing; sponsors said the changes addressed union concerns and added specific language in the P3 component and a cross-reference to the Public Works Minimum Wage Act. No public testimony was recorded for this item in the transcript provided.

The committee’s action was procedural: sponsors said the bill already had been heard in an earlier, full hearing and that this session was to vote rather than rehear the merits. The committee chair called for a motion; a do-pass recommendation was made and, according to the transcript, there was no recorded opposition when the chair announced the motion carried.

The committee did not provide a roll-call vote or a fiscal-note update during the recorded discussion; sponsors indicated the measure drew on appropriations made in House Bill 2 for the initiative and that the intent was to remove the item from the table and advance it for formal consideration.

The bill will proceed according to House rules to the next legislative steps after the committee’s do-pass recommendation.

","The House Revenue & Taxation Committee voted to give HB19 a do-pass recommendation after sponsors described it as an economic development bill that uses existing infrastructure and a public–private partnership model; the committee adopted amendments specifying operations/maintenance responsibilities and wage protections.","actionData","errors"]

Article not found

Committee temporarily tables HB293 to repeal state tax on Social Security benefits after lengthy debate

Committee amends HB207 to reinstate special‑needs definition for adoption tax credit, then temporarily tables the bill

Committee gives due-pass recommendation to HB199 to let LFC access limited tax data for evaluations

Committee advances HB19 as amended to authorize public–private trade port projects