Bill > HB90

This bill: - Amends the provisions for submitting an application for a tax credit, including deeming an application as complete when all required information is provided, even if the department requests additional documentation. It also provides a process for protesting a denied tax credit application. - Expands the definition of tax fraud to include evading or defeating a tax through the use of sales suppression software, which can create a second set of records to manipulate transaction records and misrepresent the true record of a transaction. It introduces penalties for purchasing, installing, using, selling, or possessing such software. - Clarifies the processes for protesting the value or classification of property by a county assessor and the state, as well as the appeals process for orders by a county valuation protests board. It establishes a new appeals process for decisions and orders of the hearing officer to the court of appeals. The bill aims to address issues related to tax credits, tax fraud, and property tax protests and appeals.

Budget and Finance, Government Affairs, Justice

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=90&year=21