summary
Introduced
01/17/2017
01/17/2017
In Committee
01/17/2017
01/17/2017
Crossed Over
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; ADDING NEW UPPER-TIER PERSONAL INCOME TAX BRACKETS.
AI Summary
This bill amends the New Mexico Statutes to add new upper-tier personal income tax brackets. Specifically, it introduces a new tax bracket of 8.2% for taxable income over $187,500 for married individuals filing separately, over $375,000 for heads of household, surviving spouses, and married individuals filing jointly, and over $250,000 for single individuals and estates and trusts. The bill applies to taxable years beginning on or after January 1, 2017.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
[LD 1] Referred to Senate Corporations & Transportation (on 01/17/2017)
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=S&legtype=B&legno=50&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/senate/SB0050.pdf |
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