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New Mexico

New Mexico bill to lower income taxes and cap investment tax break advances

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New Mexico bill to lower income taxes and cap investment tax break advances


A bill that would reduce personal income taxes across the earnings spectrum and collect more taxes on investment income passed the Democratic-led New Mexico state House on Wednesday.

The broad package of tax changes won House endorsement on a 48-21 vote and now moves to the Senate for consideration.

State government would forgo about $105 million annually overall through adjustments to personal income tax rates and brackets while collecting more taxes on investment income.

WITH PRESIDENTIAL RACE ON HORIZON, NEW MEXICO LAWMAKERS LOOK TO OUTLAW FAKE ELECTORS

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All income tax payers would see a decrease, with the greatest savings in dollar terms among middle-income earners, according to an analysis by the state Taxation and Revenue Department.

Annual income tax would decrease by $16, or 12%, to $136 for a couple with taxable income of $8,000, the agency said. A wealthier couple with an annual taxable income of $400,000 would save about $553, or 2.8%, on annual taxes of $20,042.

The bill from Democratic state Rep. Derrick Lente, of Sandia Pueblo, also includes tax credits and deductions aimed at shoring up the medical workforce in remote rural areas and easing the fiscal burden on child care and preschool providers.

The New Mexico Capitol is seen here after sundown. A bill to reduce personal income tax passed the New Mexico House. (Marica van der Meer/Arterra/Universal Images Group via Getty Images)

He said in a statement that the bill aims to “improve access to healthcare and childcare, support clean energy, and provide support for our friends and neighbors who need it most.”

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The bill would incentivize the construction of large-scale energy storage projects — which can make renewable wind and solar energy production more useful — by reducing local government taxes on the facilities through the use of industrial revenue bonds.

Proposed changes for businesses would set a flat 5.9% rate for the corporate income tax at companies with less than $500,00 in annual income.

New Mexico residents who saw their homes destroyed in recent wildfires would be eligible for new income tax credit.

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A statement from House Democrats says the bill reduces a cap on capital gains tax exemptions to $2,500 — limiting a tax break “that overwhelmingly benefits the state’s highest earners.”

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House Republicans led by state Rep. Jim Townsend, of Artesia, unsuccessfully proposed more aggressive tax cuts in light of an estimated $3.5 billion general fund surplus for the coming fiscal year. In a failed amendment, he suggested a flat 1% tax on personal income.

Current rates range from 1.7% on taxable income under $4,000 for individuals to 5.9% on annual income over $157,000.



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New Mexico

Deb Haaland Wins New Mexico Democratic Primary For Governor

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Deb Haaland Wins New Mexico Democratic Primary For Governor


ALBUQUERQUE, N.M. — A Laguna Pueblo woman is the front runner to be New Mexico’s next governor.

Shortly after polls closed Tuesday night, Deb Haaland was declared the winner over Bernalillo County district attorney Sam Bregman in the state’s semi-open Democratic Party primary. As of 11:00 p.m., Haaland carried support from 72% of the Democratic primary voters to Bregman’s 28%, according to unofficial results from the New Mexico Secretary of State.

“We’re showing everyone that a better future in New Mexico is possible,” she told supporters gathered in Albuquerque’s historic Old Town Plaza. “New Mexicans want a leader who will stand up for working people, and who is ready to take on Donald Trump. I proudly accept your nomination as a Democratic nominee.”

Haaland spoke for 13 minutes, at times through a scratchy throat that required her to pause for water breaks. “Excuse me, I’ve been talking with voters all day,” she said while grabbing a water bottle before hitting her campaign stump notes on affordability, health care and public safety.

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Supporters wait for Deb Haaland at her Democratic Party Primary victory celebration in Albuquerque, NM on June 2, 2026. Credit: Shaun Griswold / Native News Online

She will face Republican Gregg Hull, a former mayor from suburban Rio Rancho that won his party’s three-way primary with 47% of the vote, according to unofficial results from the New Mexico Secretary of State.

Haaland will be the Democratic Party nominee in a state dominated at every level by Democrats, and is expected to be heavily favored in the general election. With that insight she said her campaign message does translate to Republicans and Independent voters.

“We want our kids to thrive.
We want our kids to have a quality, public education. We want every New Mexican to have health care. Everybody wants to feel safe in their neighborhoods, and everybody wants to be able to afford to put a hot meal on their table every night and have a roof over their children’s heads,” she said. “Those issues transcend whatever political spectrum we’re trying to slice and dice people into.”

Shortly after the race was called, Haaland campaign staff, major donors, surrogates, and their families walked from a building on the west side of Albuquerque’s Old Town Plaza to the historic plaza core, where the Haaland campaign had set up a stage and reserved the entire plaza for its victory celebration.

“We are now witnessing history in the making,” New Mexico state Rep. Derrick Lente (Sandia Pueblo) said to supporters immediately after Haaland was declared the winner.

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Denise Wilie (Dine) also joined the celebration of Haaland’s victory. Wilie said she worked on get-out-the-vote efforts with the Native American Voters Alliance in McKinley County.

“It just is so exhilarating to even think about, a woman and a Pueblo woman,” she said. “Indigenous all the way, is how I feel. I’m like, yes, let’s get more of our voices.”

Haaland was introduced by her two sisters and walked to the stage escorted by a mariachi band.

Speaking to reporters after the event Haaland reflected on voting for a Pueblo woman (herself) for governor.

“I got emotional, quite frankly, when I went to vote for myself because you do that when you’re a candidate,” she said. “We’ve never had a Native American governor in New Mexico. We’re a multicultural state. I think representation matters, especially in a political era such as this one. So, I’m really proud and honored to carry on the legacy of my ancestors, who worked so incredibly hard to make sure that I had a place here today.”

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LIVE BLOG: New Mexico 2026 semi-open primary elections

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LIVE BLOG: New Mexico 2026 semi-open primary elections


(KVIA) — Tuesday, New Mexico voters will decide who will move on to the November general election through the state’s first semi-open primary. Semi-open primary elections allow voters who aren’t affiliated with a qualified political party to vote without changing their voter registration. You can find out who’s on your ballot here. Polls close at



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Pay it 4ward: Angels’ Voices Silenced No More

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Pay it 4ward: Angels’ Voices Silenced No More


When a famly unexpectedly loses a loved one, or has someone go missing, the details of what comes next can be overwhelming.

ALBUQUERQUE, N.M. – When a famly unexpectedly loses a loved one, or has someone go missing, the details of what comes next can be overwhelming.

But they don’t have to do it alone thanks to an organization helping New Mexico families with some of those burdens.

Watch the video above for more.

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