Issue: Economy

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Topics in This Issue

Policy Change

New Mexico First continues to advance the economic policy recommendations from the 2016 economy platform include. Key outcomes so far follow.

Economy Outcomes from 2018

  • SB 17: GROSS RECEIPTS FOR CERTAIN NONPROFITS: Would impose gross receipts tax on nonprofits, but only when they operate within a national laboratory. This will protect the state from losing millions of tax revenue if Los Alamos National Laboratory is operated by a nonprofit. PASSED BY LEGISLATURE, VETOED BY GOVERNOR
  • HB 38: WIRELESS CONSUMER ADVANCED INFRASTRUCTURE: Creates rules and procedures under which wireless service providers may obtain use of rights of way owned by local governments to place small wireless-service equipment. PASSED BY LEGISLATURE, SIGNED BY GOVERNOR: HB 207: LIBRARY BROADBAND INFRASTRUCTURE FUND
  • Proposes to create the nonreverting Library Broadband Infrastructure Fund to be managed by the Department of Information Technology and used to match grant money, support grant application preparation and compliance and for mapping and support materials for broadband at public, tribal and school libraries. PASSED BY LEGISLATURE, SIGNED BY GOVERNOR

Economy Outcomes from 2017

Economic Security for Families

New Mexico First led the effort to pass 2017’s SJM18 FAMILY SUPPORT SERVICES INFO TO LFC (“cliff effect memorial”). This memorial is one of the major consensus recommendation that came from our economy town hall. The memorial requires state agencies that oversee family support services to provide the Legislative Finance Committee (LFC) with eligibility thresholds and related information for participation in safety net programs. Information will later be used to recommend how to smooth cliff effects for at least child care support services. We are grateful to Sen. Ortiz y Pino and Rep. Jason Harper for their bipartisan sponsorship of this legislation. PASSED BOTH CHAMBERS UNANIMOUSLY.

Additional 2017 legislation addressing family needs included:

  • HB 86: CAREGIVER LEAVE ACT: Requires that all employees of public and private entities within the state be allowed to use accrued sick leave to care for family members. PASSED LEGISLATURE, VETOED.
  • HB147: WORKFORCE TRAINING RESIDENCY REQUIREMENT: Amends the residency requirement to participate in the Industrial Development Training Program (i.e. JTIP) from one year to one day, thus improving access to job training for people seeking employment – including those who have relocated to New Mexico recently. The bill also grows the potential workforce for employers. PASSED LEGISLATURE, SIGNED BY GOVERNOR.

Broadband

The economy town hall called for reform to expand broadband access statewide, including in rural and tribal areas. New Mexico First endorsed several 2017 bills aligned to this goal:

Tax and Regulation

Economy town hall participants also called for comprehensively restructuring the tax code, based on a sound research effort. 2017’s HB 191-Oil and Gas School Tax to Stabilization Reserve requires the Interim Revenue Stabilization and Tax Committee to continue to study tax reform proposals from the 2017 session and make recommendations regarding reforming the Gross Receipts Tax (GRT). HB191-OIL AND GAS SCHOOL TAX TO STABILIZATION RESERVE PASSED, VETOED

Additional tax and regulation legislation included:

  • HB 202: TAX OF BUSINESSES WITHOUT PHYSICAL PRESENCE: Expands reach of New Mexico gross receipts tax to some vendors outside New Mexico who sell products, including selling products over the internet, thus enabling the state to earn taxes on some internet sales (like most other states do). PASSED, VETOED
  • HB58: RULEMAKING REQUIREMENTS: Provides a detailed, uniform process for state agencies to process and adopt rules and regulations. PASSED, SIGNED BY GOVERNOR


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