Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee backs industrial carbon-reduction incentives to attract clean manufacturing
Summary
House Bill 320 would create production-based incentives and capital grants for manufacturers that produce industrial materials at least 40% cleaner than industry averages; advocates said the competitive program would spur jobs and investment while questions were raised about constitutional anti-donation limits.
Representative Dixon told the committee HB 320 creates two complementary programs: an $85-per-ton production incentive for materials that are at least 40% cleaner than the industry average, and a competitive capital grant covering 10% of qualified costs up to $5 million per project. "This bill supports decarbonizing our heavy industrial sectors while driving economic development and creating jobs here in New Mexico,"…
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
