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New Mexico / State / 56th Legislature, 1st Session, 2023

Laws 2023, ch. 85 (SB 147) Repealed the veteran employment tax credit

Needs reviewEnactedProgram repealed

Signed Takes effect

Restricts benefits Repealed the income tax credits of up to $1,000 for an employer that hires a recently discharged veteran.

Section 28 of the act repealed NMSA 1978, §§ 7-2-18.28 and 7-2A-27, the personal and corporate income tax credits of up to $1,000 for hiring a recently discharged veteran, effective July 1, 2023. Signed March 30, 2023. Flagged because the Department of Veterans' Services' benefits page and the Army benefits library still advertise the credit.

Progress

Path to law: Bill in a two-chamber legislature

  1. Introduced Done,
  2. In committee Done, Senate Tax, Business and Transportation, then Finance
  3. Passed one chamber Done, Senate, 35-0
  4. Passed both chambers Done, House, 60-0
  5. Signed by the governor Done, Laws 2023, chapter 85
  6. In effect Done,

Sponsors

  • Benny Shendo, Jr.Sponsor, Democratic, Senate, District 22
  • Jason C. HarperSponsor, Republican, House, District 57

What it touches

  • NMSA 1978, § 7-2-18.28
  • NMSA 1978, § 7-2A-27

Catalog entry

Official record

Read Laws 2023, ch. 85 (SB 147) on the jurisdiction's own record