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Bill > HB89


NM HB89

NM HB89
Healthy Soil Tax Refund Contribution Option


summary

Introduced
01/19/2021
In Committee
03/12/2021
Crossed Over
02/12/2021
Passed
03/16/2021
Dead
Signed/Enacted/Adopted
03/16/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO TAXATION; CREATING AN OPTIONAL DESIGNATION FOR A PERSONAL INCOME TAX REFUND CONTRIBUTION FOR ADMINISTRATION OF THE HEALTHY SOIL PROGRAM.

AI Summary

This bill creates an optional designation for individuals to contribute a portion of their state income tax refund to the Healthy Soil Program in the New Mexico Department of Agriculture. The bill requires the Department of Taxation to revise the state income tax form to allow this designation, and specifies that the provisions do not apply to income tax refunds subject to interception under the Tax Refund Intercept Program Act. The bill's provisions apply to taxable years beginning on or after January 1, 2021.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (5)

Last Action

Senate Tax, Business and Transportation Committee (00:00 3/11/2021 Room zoom) (on 03/11/2021)

bill text


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