summary
Introduced
01/19/2016
01/19/2016
In Committee
01/19/2016
01/19/2016
Crossed Over
Passed
Dead
02/18/2016
02/18/2016
Introduced Session
2016 Regular Session
Bill Summary
Reduce Certain Income Tax Rates
AI Summary
This bill amends New Mexico's income tax law to reduce certain individual income tax rates for taxable years beginning on or after January 1, 2016, by lowering the percentage applied to various income brackets for different filing statuses, including married individuals filing separately, heads of household, surviving spouses, married individuals filing jointly, single individuals, and estates and trusts, with the changes taking effect on January 1, 2017.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
[LD 1] Action postponed indefinitely (on 01/19/2016)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=126&year=16 |
| BillText | http://www.nmlegis.gov/Sessions/16%20Regular/bills/house/HB0126.pdf |
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