summary
Introduced
01/20/2017
01/20/2017
In Committee
01/20/2017
01/20/2017
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 adds new upper-tier personal income tax brackets to the existing tax structure in New Mexico. Specifically, it introduces a new 5.9% tax bracket for married filing separately filers with taxable income over $109,091, for heads of household, surviving spouses, and married filing jointly filers with taxable income over $218,182, and for single filers and estates/trusts with taxable income over $150,000. The new tax brackets and rates apply to taxable years beginning on or after January 1, 2018.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
[LD 4] Referred to House Consumer & Public Affairs (on 01/20/2017)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=324&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/house/HB0324.pdf |
Loading...