Lawmakers pleased with budget, less so with other issues

The good: Tax breaks for energy superstation Tres Amigas. The bad: No driver’s license or education reform. The ugly: “The leadership (state Legislature) knows how to use procedure to get what they want and once again thwarted the will of the majority of New Mexicans.” — Rep. Dennis Roch, R-Texico. Those are the conclusions of […]

Nixing state income tax boosts opportunity

If the classic 1940 movie “Grapes of Wrath” were remade for 2012, the Joad family would be trekking, instead, from California to Oklahoma. Based on the 1939 novel by Californian John Steinbeck, the movie showed the Joads suffering through the 1930s Great Depression and Dust Bowl in Oklahoma, then striking out for the Golden State […]

Lawmakers confident in support for tax break bill

Alisa Boswell State tax breaks for corporate electricity, which could affect companies such as Tres Amigas, could definitely be in New Mexico’s future, according to local state representatives. Rep. George Dodge, D-Santa Rose, said House Bill 116, which allows deductions in gross receipt taxes on corporate electricity, was recently passed the Business and Industry Committee […]

Officials hope measure will keep Tres Amigas headquarters in state

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Alisa Boswell State officials are pushing a new legislative bill that would change tax laws because they believe it will encourage Tres Amigas to build their headquarters in eastern New Mexico rather than west Texas. Tres Amigas is planning to build a power grid near Clovis that will connect North America’s two major power grids […]

Press release: Roch bill gives tax break to retired military

Military retirees in living in New Mexico may see their state income tax burden reduced under a bill introduced this week in the State House by Representative Dennis Roch (R-Texico). House Bill 162 proposes to exempt twenty-five percent of a retiree’s military pension income from the state’s personal income tax, with that percentage increasing to […]

Base preps for tax time

By Cannon Tax Office: 27th Special Operations Wing For many, tax season can be one of the most overwhelming and dreaded times of the year. However, the Cannon Tax Office can help you complete your tax forms for free Tuesday through April 17. All active duty personnel, retirees, and eligible dependents may have their federal […]

Their view: Payroll tax cut would spur economy

James Bostwick, state committee chairman for the New Mexico Farm Service Agency, offers this view on the payroll tax cut being extended:

Their view: New Mexicans tax returns due on Monday

The IRS says time is up for 73,500 New Mexicans whose 2010 tax returns are due and E-file ends:

Obama’s tax campaign has no credibility

Freedom New Mexico Yes, President Barack Obama, it is time to panic. Advice to “panic” was given to Obama by close ally James Carville, former advisor to President Bill Clinton, after Republicans won the special election in New York’s ultra liberal Ninth District this month with a candidate who ran an anti-Obama campaign. The Ninth […]

Their view: Tax credit would benefit rural businesses

John Crabtree of the Center for Rural Affairs offers his view on tax credits for rural businesses.

Obama plan over-taxes wealthy

Freedom New Mexico President Barack Obama wants to correct government overspending by over-taxing. He is proposing a combination of cuts and tax increases, the latter accomplished by setting his sights on those earning $250,000 and up. We’ve heard Obama’s class warfare rhetoric before. That may be why the president deemed it necessary to deny the […]

Commission approves property tax increase

PNT staff The Roosevelt County Commission approved a slight raise in property tax rates for the 2011 tax year at a special meeting Tuesday at the county courthouse. Commissioners approved the new rates after county assessor Kenner Carrasco provided overview of property tax rates. Carrasco said the net taxable value for the county for 2011 […]

State tax-free weekend begins Friday

Cannon Connections illustration: Gabriel Monte The tax holiday begins at 12:01 a.m. on the first Friday of August and concludes midnight Sunday. Kevin Wilson For the seventh year in a row, back-to-school shopping will be slightly less taxing. Numerous merchants in New Mexico are getting set for the state’s tax-free holiday. According to the state’s […]

Their view: Time to end tax breaks for major oil companies

Kate Colarulli is the associate campaign director for Sierra Club’s Beyond Oil Campaign. She urges ending tax breaks for oil companies.

New tax assessor named

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Argen Duncan The Roosevelt County Commission appointed Evelyn Ledbetter of Z-7 Farms Inc. as county assessor Thursday, but not everyone is happy with the decision. The commission voted unanimously on the matter during a special session at the Roosevelt County Courthouse. County Assessor Tex Belcher, who was re-elected in 2010, is retiring May 31, and […]

Some troops qualify for extended tax deadline

By Elaine Sanchez: American Forces Press Service WASHINGTON — Service members serving outside of the United States — including those supporting operations in Libya and Japan — will receive an automatic two-month tax filing extension this year, officials said. This extension is in addition to the nation’s already extended deadline. Due to Emancipation Day, a […]

Tuesday morning briefing: Tax meeting, mobile books and a NASCAR legend dies

Good morning and welcome to the Freedom New Mexico Tuesday briefing. Tax meeting There’s a City of Clovis town hall meeting 6 p.m. Wednesday at

City to host town hall meeting on tax hike

Freedom New Mexico The city of Clovis is hosting a town hall meeting 6 p.m. Wednesday at the north annex of the Clovis-Carver Public Library to answer questions and present information about a .25 percent gross receipts tax to pay for the Ute Water Project. Present will be city officials and Eastern New Mexico Water […]

Internet should remain free of sales tax

Freedom New Mexico For years we’ve fought putting new taxes on Internet activities. But like a bad computer virus, that idea keeps coming back. The latest manifestation is what’s called the “Amazon tax.” But it also would hit many more companies than online retailer Amazon.com, including hundreds of thousands of small businesses that sell online. […]

Tax laws benefit troops, families

By Elaine Wilson: American Forces Press Service WASHINGTON — Service members and their families have a few tax advantages at their disposal, as well as a few extra days in which to complete their taxes this year, a Defense Department tax expert said. Due to Emancipation Day, a holiday recognized by the District of Columbia, […]