Committee advances temporary gaming-tax exemption for Ruidoso Downs after flood damage
The committee voted to advance HB447, a bill granting a temporary gaming-tax exemption for Ruidoso Downs Racetrack to help rebuild after recent fires and flooding; supporters described major local economic impacts while opponents called the proposal an unfair, one-off benefit.
The full story
The House Commerce & Economic Development Committee advanced House Bill 447 on a motion to give the Ruidoso Downs Racetrack a temporary exemption from the gaming tax through 2029 to help the facility recover from a catastrophic combination of wildfires and flooding.
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