[{"_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",6298705,"mediaKeyId","2502043-a7d80ae7fb1d743db51c9fe5795ecc6c","parentId",2502043,"title","Committee hears testimony on HB325 to reduce GRT on new home construction; amendment adds sunset and FHA-linked cap, bill temporarily tabled","audioSeconds",1045,"startMs",3289000,"endMs",2244000,"viewUrl","/Search/View?dp=1&key=2502043-a7d80ae7fb1d743db51c9fe5795ecc6c&start=3289&end=2244","thumbnailUrl","https://assets.pipeline.soar.com/2502043-a7d80ae7fb1d743db51c9fe5795ecc6c/thumbnail_3289000.jpg","articleUrl","/articles/6298705/New-Mexico/Committee-hears-testimony-on-HB325-to-reduce-GRT-on-new-home-construction-amendment-adds-sunset-and-FHA-linked-cap-bill-temporarily-tabled","mediaUrl","https://secure.pipeline.soar.com/6298705-4c1a0135768a9386bde2b4b79f7a8b7e/orig.mp4?Expires=1770447845&Signature=OdmpMRHXniOTlhRsSXCkwqbykbhwWZGS~3RTeySCxQS2VIGYdXbcS81d672ZUj9Swhrz1oDjEnyqGeY2PjKOsW5lF1byMYndS9RbH-28LrCQVw~YNQvX2CRdeWgV3f-c34DpziWhjO4jf6LZ1utSqcz0RSpYP29gYVwHsrUbsnOBpkJsfphVz5lId1fzsRTsr3Gosh8PBSwsFOqEe-GiFNFxJuoDwdVQUJA006XAq87IKDT7n6UTIQs7lG4byZzBFEfwe-Qb~9Ax1uThikoZ8NaNy0N5wwmTZ07CCS21K7YN34qRVwlzf9c2lN6uNCu1luqqS0h4teBGWKQ8R5PelA__&Key-Pair-Id=KUT5TJCACFTXG","author","New Mexico Legislature","date","2025-03-05T00:00:00Z","article","Representative Armstrong, the bill sponsor, told the committee that House Bill 325 would address New Mexico's treatment of construction under the gross receipts tax and said the levy is a major barrier to new housing. \"New Mexico GRT can amount to nearly $30,000 on a $400,000 home in some high-tax jurisdictions,\" Representative Armstrong said.

The bill would reduce GRT burden on new residential construction to improve project feasibility and attract private investment alongside public funding, the sponsor said. The sponsor also emphasized the bill includes a built-in sunset and a cap in the amendment under consideration.

Why it matters: New Mexico faces an estimated shortage of more than 40,000 housing units, witnesses and supporters told the committee. Supporters said lowering the construction tax would stretch subsidy dollars, speed construction and improve the state's competitiveness with neighboring states for builders and developers.

Supporters at the hearing included home builders, housing advocates and the governor’s office of housing. Mackenzie Bishop, co-owner of Abrazo Homes in Albuquerque, described how New Mexico taxes both labor and materials—unlike most states—and said that structure roughly doubles builders' tax burden. \"In our business... that can turn into $30,000 or more when you start adding borrowing costs and interest rates for the end consumer,\" Bishop said. Miles Conway of the Northern New Mexico Builders Association, Daniel Werwath of the governor’s office of housing, and representatives of the New Mexico Association of Realtors, the New Mexico Home Builders Association and the Association of Commercial Real Estate Developers also testified in support.

Amendment and cap: The committee received amendment 231504.2, which the sponsor described as adding both a sunset and a cap tied to FHA loan limits. The sponsor explained the cap is implemented by excluding the deduction for homes priced above the FHA limit in a county; most New Mexico counties were cited as having an FHA limit of about $524,255, with higher limits in Santa Fe and Los Alamos County. Committee members pressed the sponsor on implementation details, and the sponsor said a settlement statement or similar documentation would likely be used to verify the sales price for eligibility.

Fiscal and program details: Supporters said the measure is designed to make subsidy dollars go further and estimated the policy could be evaluated against a roughly $100 million legislative investment to test how many housing units the incentive can produce. Committee staff circulated an updated fiscal impact report (FIR) during the hearing.

Committee action: Representative Duncan moved to temporarily table HB325 as amended. The motion was made during committee debate and accepted; the committee did not vote on final passage at this hearing.

Discussion vs decision: The record distinguishes committee discussion, public comment and a formal motion to temporarily table. No final adoption or roll-call vote on enactment was recorded in the transcript excerpt.

Ending note: Sponsors and proponents said they intend to monitor outcomes during the sunset period if enacted and to work with local governments on any related fiscal impacts.","mediaType","Video","parentTitle","House - Taxation and Revenue Mar 5, 2025","oneSentenceSummary","Representative Armstrong, the bill sponsor, told the committee that House Bill 325 would address New Mexico's treatment of construction under the gross receipts tax and said the levy is a major barrier to new housing.","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},6298691,"Committee approves HB494 to clarify veteran tax-exemption filing deadlines; bill given due pass",164,5742000,5906000,"/Search/View?dp=1&key=2502043-a7d80ae7fb1d743db51c9fe5795ecc6c&start=5742&end=5906","https://assets.pipeline.soar.com/2502043-a7d80ae7fb1d743db51c9fe5795ecc6c/thumbnail_5742000.jpg","/articles/6298691/New-Mexico/Committee-approves-HB494-to-clarify-veteran-tax-exemption-filing-deadlines-bill-given-due-pass","https://secure.pipeline.soar.com/6298691-2b85e9d6eb5692b831b56963752dce62/orig.mp4?Expires=1770447845&Signature=eZWcVQO-w~eWgbyQGNKqfxwLya0GHLdM35ho-ftf6uUgb~6DHbUjZPZ1JbP6KwCump-avtkX~yH9vJflBINxrr3gyRIjjGqWq5r8rgytUU45RuDDSvkJoCUi~TduNEdnSEXOgtenBG6QfPq9pE9JPAYz4eVI9Ug4sGH98gnwArsGZ-YwN~ab3GXdq9rTp2gyHP1cd0P49OJiXImvLKvPVNOhM-ndkAV85L~smGEV0oOAo9sh0oWFfbhgHyj8sDipHfguagmdl7ANI8wLZZEjJ~3G8Fkr75pKT2v047MciKraHO2vGwblA44R7II5vxraJzmP~afaifdV4taOlAvVxg__&Key-Pair-Id=KUT5TJCACFTXG","Representative Martinez introduced House Bill 494, which adjusts deadlines for county assessors handling veterans’ property-tax exemptions. The sponsor said the bill would restore a prior 30-day application window and align those deadlines with other assessment timelines so counties can plan and allocate staff resources.

Ivan Barry, veterans committee chair of the New Mexico County Assessors affiliate and chief deputy assessor in Santa Fe County, testified in support and described administrative difficulties when deadlines are unclear. \"Unclear deadlines make it very difficult for assessors to plan and allocate resources for timely review and approval of these exemptions,\" Barry said.

Committee action: A motion by Representative Chandler (recorded as coming from Representative Duncan in the transcript) to give HB494 a due pass was accepted and the committee voted to advance the bill. No opposition was recorded in the hearing excerpt.

Ending: Sponsors said the change aims to streamline county administration of veterans’ exemptions and reduce processing delays for eligible veterans.","House Bill 494 clarifies deadlines for veterans to apply for property tax exemptions, restoring a 30-day window for applications and easing administrative burdens on county assessors. The bill received a committee recommendation for passage.",{"_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},6298696,"Committee clears technical fix to high-wage job tax credit (HB368) with no fiscal impact",171,5467000,5638000,"/Search/View?dp=1&key=2502043-a7d80ae7fb1d743db51c9fe5795ecc6c&start=5467&end=5638","https://assets.pipeline.soar.com/2502043-a7d80ae7fb1d743db51c9fe5795ecc6c/thumbnail_5467000.jpg","/articles/6298696/New-Mexico/Committee-clears-technical-fix-to-high-wage-job-tax-credit-HB368-with-no-fiscal-impact","https://secure.pipeline.soar.com/6298696-95d63b33976761be216aafd6b270dfd2/orig.mp4?Expires=1770447845&Signature=ExJz9fnGeQmV3vaPGv~rhK7E-Oe-F7Q4XWrW2ZJ4E6N5rXTW7gi0oQIzAIqpyORCWFdK94aTEwkvZTS9itETH6L8FRt~vLIspVaUmkvTs7~2J0inimIAHZpDG3h6yxthMc02TSxDEOufCHvCQ5dN03VWLAraOvnfFNeja5Y15IkdP2OtWJZV8qvbzQR2dzCwLrEG4Awwq3IoZwO46r8zlvpXvZp9lQIo6iHSYi9jyk1qWovo5WDo2y~Bvq0~HWXESVWcG7JO51t4noUEf7Iekf0qa5WOXeGB7CctbuvMPnmzE~xanjH~c4ALOwlur0mk0lA8bE91zR~5VEEW1I1gig__&Key-Pair-Id=KUT5TJCACFTXG","Representative Everett Trujillo (presenting as an expert witness for the sponsor) described House Bill 368 as a technical clarification to the state’s high-wage job tax credit statute to ensure fair and predictable access to credits for qualifying hires.

The sponsor explained the change fixes a timing issue so that threshold jobs and high-wage jobs are measured consistently; the correction was presented as a technical fix with no change in tax policy or fiscal cost. Committee staff and the sponsor said the updated language resolves a prior change that had unintentionally narrowed eligibility when the statute moved from a rolling 12-month test to a calendar-year test.

Public testimony was minimal and supportive. Jason Espinosa of New Mexico Idea, the statewide economic development association, testified in favor and described the measure as a routine clarification. Committee members had no substantive questions and the committee voted to give HB368 a due pass recommendation.

Ending: Committee members noted the bill carries no fiscal impact and is intended to restore prior implementation practice rather than expand benefits.","House Bill 368, a technical clarification to the high-wage job tax credit statute, received a committee recommendation for passage. Sponsors described the change as correcting an eligibility timing threshold so employers can reliably claim credits for qualifying hires; staff said the bill has no fiscal impact.",{"_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},6298700,"Lawmakers debate HB344 to exempt health-care services from GRT; municipalities raise revenue concerns, panel temporarily tables bill",3130,2314000,5444000,"/Search/View?dp=1&key=2502043-a7d80ae7fb1d743db51c9fe5795ecc6c&start=2314&end=5444","https://assets.pipeline.soar.com/2502043-a7d80ae7fb1d743db51c9fe5795ecc6c/thumbnail_2314000.jpg","/articles/6298700/New-Mexico/Lawmakers-debate-HB344-to-exempt-health-care-services-from-GRT-municipalities-raise-revenue-concerns-panel-temporarily-tables-bill","https://secure.pipeline.soar.com/6298700-1e02aa20ab2814aa6acf79da475dd13a/orig.mp4?Expires=1770447845&Signature=lLRK4-Va2shPAGG8gOgbhAyPlOwbGsuTwUIAmMDReiAfFShKN5awn7sO0Bu~Dr5jDPPSw2NWy1~Biadr2v23HSbi2lVM3gbtkrth8jpWNYwmR9cqyCeKSnDhge2gJVhjNHbIjjix0hidi9HeS~iLcTFx-MasKW70IlmT2~14E6CqAT5tF~hWwXYEPUug-pd5OUylRefzqJhfrpq2rDyng7fbN85DDvjrLKHebNIw2bF7IHQFqClLZpufEWDKsc-DyZBHJ6HLqxtfDgpuve1mG7MRztqkd-jL1FEslsiqlzZI54VuIx0b9yKo6SUXNzlMLsMeNypkgSwEc5gr4V5hLg__&Key-Pair-Id=KUT5TJCACFTXG","A sponsor of House Bill 344 told the committee the bill would remove gross receipts tax (GRT) on most health-care services, bringing New Mexico in line with 48 other states. ‘‘New Mexico is one of only two states that does that,’’ the sponsor said, adding that the current treatment is a competitive disadvantage for recruiting and retaining providers.

Supporters described the measure as an investment in the state’s health-care workforce. Tom Kirsma, executive director of the New Mexico Dental Association, told the panel that New Mexico is losing dentists at an alarming rate and framed the tax change as an investment to retain providers. \"As you consider this tax cut, I want you to focus on revenue loss, but not the revenue from the tax, but the recurring revenue our state loses with every doctor and dentist that leaves the state,\" Kirsma said.

The bill would not extend exemptions to Medicaid reimbursements, the sponsors said; providers already receive payment that accounts for GRT under current Medicaid reimbursement arrangements. Several witnesses from medical societies, the New Mexico Hospital Association, and specialty provider groups testified in support, saying the exemption would reduce administrative burdens and improve recruitment.

Municipalities and local officials pushed back. Mac Geisel, Rio Rancho city manager, and JD Bullington, representing the City of Santa Fe, described a significant fiscal risk to local governments and expressed concern about the bill’s current lack of a finalized local-revenue offset. Allison Nichols of the New Mexico Municipal League cited the FIR estimate of roughly $100 million in lost local revenue and called for a plan addressing how cities and counties would replace that income for essential services.

Committee debate focused on hold-harmless mechanics, NAICS-code implementation detail and Medicaid carve-outs. Jennifer Fabian, an LFC economist who wrote the FIR, explained that the analysis used tax-receipt data (RP-80) and identified NAICS codes within the health-care industry to estimate impacts, noting the data are not always perfectly disaggregated. Discussion also touched on medical malpractice, Medicaid reimbursement rates and residency capacity as part of a broader strategy to retain providers.

Committee action: After extended discussion and multiple members urging further work with municipalities, Representative Duncan moved to temporarily table HB344. The motion was seconded and accepted; no final passage was recorded during this hearing.

Ending: Sponsors said they are committed to continued talks with local governments on hold-harmless or other cost-sharing arrangements and noted the bill’s intent is to address provider shortage issues alongside other measures such as malpractice reform and Medicaid rate changes.","House Bill 344 would expand gross receipts tax exemptions for health-care services, aligning New Mexico with most states, proponents said. Supporters argued the change would help recruit and retain providers; municipal officials warned of large local revenue losses. The committee temporarily tabled the measure after extended debate.","actionData","errors"]

Article not found

Committee hears testimony on HB325 to reduce GRT on new home construction; amendment adds sunset and FHA-linked cap, bill temporarily tabled

Committee approves HB494 to clarify veteran tax-exemption filing deadlines; bill given due pass

Committee clears technical fix to high-wage job tax credit (HB368) with no fiscal impact

Lawmakers debate HB344 to exempt health-care services from GRT; municipalities raise revenue concerns, panel temporarily tables bill