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Commission opens public hearing on low-income property tax rebate; defers decision to Jan. 28
Summary
The board convened the statutorily required public hearing on a possible low-income property tax rebate under NMSA 7-2-14.3, heard public comment (including State Senator Debbie O’Malley), discussed TRD cost estimates and data limitations, and voted 5-0 to defer action to Jan. 28 for more analysis.
The Bernalillo County Board of Commissioners held a public hearing Jan. 14 as required by NMSA 7-2-14.3 to consider whether to adopt a low-income property tax rebate ordinance.
Deputy County Manager for Finance Shirley Reagan presented the statutory framework and data the New Mexico Taxation and Revenue Department provided. Under the statute, taxpayers with modified gross income of $24,000 or less who file New Mexico income tax returns are eligible for a rebate (maximum $350). TRD ran estimates using…
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