summary
Introduced
01/24/2022
01/24/2022
In Committee
02/07/2022
02/07/2022
Crossed Over
Passed
Dead
02/17/2022
02/17/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; AMENDING CERTAIN DATES TO EXTEND ELIGIBILITY FOR THE 2021 SUSTAINABLE BUILDING TAX CREDITS PURSUANT TO THE INCOME TAX ACT AND THE CORPORATE INCOME AND FRANCHISE TAX ACT.
AI Summary
This bill amends certain dates to extend eligibility for the 2021 sustainable building tax credits under the Income Tax Act and the Corporate Income and Franchise Tax Act. The bill changes the effective date for the construction of new sustainable commercial and residential buildings that are broadband ready and electric vehicle ready from April 1, 2023 to January 1, 2022. The bill also makes other changes to the eligibility requirements and calculation of the tax credits for sustainable commercial and residential buildings, as well as for the installation of energy-conserving products in existing buildings.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (2)
Last Action
House Taxation & Revenue Committee (08:30 2/11/2022 Room 317) (on 02/11/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=125&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/house/HB0125.pdf |
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