Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House committee tables bill that would double New Mexico's Working Families Tax Credit
Summary
Lawmakers heard testimony that HB296 would double the Working Families Tax Credit, potentially boosting average family benefits from about $850 to as much as $1,900; after questions about administration and eligibility the committee voted to table the bill for now.
Sponsor presentation and public support: Lawmakers considered House Bill 2 96, which would double the state's Working Families Tax Credit, a refundable credit for taxpayers with earned income. The bill's sponsor said the latest Fiscal Impact Report estimates some families could receive up to $1,900 more annually under the proposal and argued the change would increase work incentives and lower program error rates. Jonathan Salazar of New Mexico Voices for Children and faith and advocacy groups voiced support during public comment, calling…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat