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Bill to change tax income passes first House committee

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Bill to change tax income passes first House committee


Taxes aren’t the most exciting things to talk about, but it could be good news for some taxpayers if House Bill 252 goes through.

SANTA FE, N.M. – Taxes aren’t the most exciting things to talk about, but it could be good news for some taxpayers if House Bill 252 goes through. 

The current state income tax breakdown has five brackets. Anyone making $16,000 to $210,000 a year are paying the same income tax rate. 

Joint filers have an even bigger range of $24,000 to $315,000 at 4.9%. Some lawmakers want to break up those brackets. 

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“This tax proposal, which is the same thing as last year, takes into account that we are looking to achieve the best outcome for those that are at the lower to middle of the tax income brackets,” said state Rep. Derrick Lente. 

Here are the proposed changes:

There would be more brackets for joint filers, and adds a 4.3% rate. The brackets are spread out more evenly, and there’s a lower tax rate for the state’s lowest earners. It’s the same thing for individual filers.

The average income in New Mexico is around $30,000. Right now, that puts you in the second-highest tax bracket at 4.9%.  This bill would drop you two brackets to 4.3%. 

The bill unanimously passed its first House committee Monday. Last year, it had bipartisan support all the way to the governor’s desk, where she vetoed it. 

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Sponsors are hoping for a different outcome this session.

“She is the one that killed it last year, and so I can say that I’ve talked with staff of the governors. And so at this point in time, I have no indication that she could not appreciate giving tax incentives for working class New Mexicans,” said Lente. 

KOB 4 spoke with a tax expert Monday. He says this current structure has been in place since 2003, and it’s pretty much a flat tax system where most people are paying the same rate, which hurts lower earners more.

What he really liked about the new layout is there are no “losers” as he put it, meaning no one’s taxes increase. But it does have one downside.

“No one would be offended by this bill, or almost no one is just, you know, it comes with a price tag. It’s probably the right thing to do in terms of restructuring our brackets, that that makes some sense,” said Richard Anklam, president and executive director of the New Mexico Tax Research Institute.

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That price tag is an approximate $180 million in income tax the state would not get next year. 

The Legislative Finance Committee already determined lawmakers have a $200 million to $300 million range in lost taxes before it becomes troublesome. This proposal fits those parameters, but there’s not much wiggle room. 



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New Mexico

Four New Mexico companies nominated for ‘Best Hot Air Balloon Ride’ by USA Today

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Four New Mexico companies nominated for ‘Best Hot Air Balloon Ride’ by USA Today


NEW MEXICO (KRQE) — Four companies in New Mexico have been nominated for USA Today’s “Best Hot Air Balloon Ride” list for 2026. Voting is open now through June 1.

Here’s a look at the New Mexico nominees:

  • Four Corners Balloon Rides (Albuquerque)
    • “Four Corners Balloon Rides will get you soaring above Albuquerque in a hot air balloon. They fly smaller balloons with a capacity of up to 12 passengers, and you can opt between shared flights or a private charter, with flights running for about 45 minutes to an hour. You’ll see beautiful views of the Rio Grande Valley, the Sandia Mountains, and all of Albuquerque some 2,000 feet below you. The pilot, Daniel, has over 3,000 hours of flight time, so you’re ensured to be in good, safe hands. 
  • Rainbow Ryders (Albuquerque)
    • “As home to the International Balloon Fiesta, Albuquerque is one of the world’s most popular spots for hot air ballooning. Rainbow Ryders offers daily flights throughout the year, which have you floating above the high desert landscape of New Mexico, as well as the Phoenix-Scottsdale area. The company is also the official hot air balloon ride operator at the Albuquerque International Balloon Fiesta.
  • World Balloon (Albuquerque)
    • “World Balloon in Albuquerque, New Mexico, offers both group and private hot air balloon flights throughout the year. On flights that usually last an hour, passengers can enjoy unmatched views of the Rio Grande River and Bosque or watch the sunrise over the city.”
  • X-Treme-Lee Fun Balloon Adventures (Gallup)
    • “X-Treme-Lee Fun Balloon Adventures provides a beautiful sunrise hot air balloon tour near Gallup, New Mexico. On journeys that typically last about an hour, passengers can enjoy views of scenic Red Rock Park’s canyons and spires.”

A total of 20 companies were nominated overall. Multiple companies in neighboring states were also nominated. Those include Above It All in Aspen, Colorado, Adventures Out West in Colorado Springs, Firebird Balloons in Phoenix, Grand Adventure Balloon Tours in Winter Park, Colorado, Hot Air Expeditions in Phoenix, and Red Rock Balloons in Sedona, Arizona.

The winner will be determined by readers’ votes. You can vote online.

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New Mexico

Future of free childcare for all families in New Mexico remains uncertain

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Future of free childcare for all families in New Mexico remains uncertain


Gov. Michelle Lujan Grisham has no regrets about universal childcare.

As she approaches the end of her second term in New Mexico’s top office, she acknowledges there are some things she would have done differently. In a recent interview, she called 20/20 hindsight a “very powerful tool” that not enough politicians put to good use.

Moving the state toward a free childcare system — open to all New Mexico families regardless of income — isn’t on that list, however. The issue has turned into one of the defining public policy issues of Lujan Grisham’s tenure — which will come to an end later this year. The state’s heavily Democratic Legislature, initially wary of the program, has since voiced support and created a funding stream to continue the initiative for the next five years.

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‘You have to start there’

Childcare costs, benefits

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‘We have to get it right’

GOP might ‘peel back’ scope

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New Mexico

Opinion: Applauding Heinrich for bi-partisan permitting reform work – New Mexico Political Report

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Opinion: Applauding Heinrich for bi-partisan permitting reform work – New Mexico Political Report






Opinion: Applauding Heinrich for bi-partisan permitting reform work – New Mexico Political Report












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