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Committee adopts HAFC substitute for industrial decarbonization package, funds rebates and tax credits
Summary
The committee adopted a HAFC substitute for House Bill 153, a voluntary industrial decarbonization package combining an Environmental Product Declaration grant program, a Low Carbon Material Rebate and production tax credits/capital grants. Sponsors said $25 million is identified for the rebate program and participation requires EPDs only for program applicants; agencies will administer grants.
The House Appropriations and Finance Committee adopted a HAFC substitute to House Bill 153, advancing a three‑part, voluntary industrial decarbonization package intended to spur low‑carbon manufacturing and markets in New Mexico.
Representative Dixon framed the substitute as a “voluntary market driven industrial decarbonization policy package” built on three complementary programs: (1) an Environmental Product Declaration grant program to help small and medium manufacturers measure and certify product carbon footprints; (2) a Low Carbon Material Rebate to offset 'green premiums' on low‑carbon products and create local offtake; and (3) an Industrial Carbon…
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