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Wednesday, February 12, 2020

New Mexico Gasoline Tax Hike Bill Killed

Above, the New Mexico State Capitol in Santa Fe. Photo by Armand Vaquer.

There was some good news to come out of Santa Fe this week.

A House panel voted to table a proposed hike in New Mexico's gasoline tax.

According to the Albuquerque Journal:
SANTA FE – Legislators on a key House committee rejected a proposal Monday that called for sharply increasing the gasoline tax as part of an effort to reduce pollution and improve New Mexico’s roads. 
The proposal would have raised about $300 million in new revenue a year – with the proceeds split among road improvements, investments in “clean” transportation projects and tax rebates to help low-income New Mexicans. 
It would have been phased in over time, eventually pushing the gas tax from 17 cents a gallon to 47 cents. 
Members of the House Appropriations and Finance Committee voted 14-1 to table the bill, a procedure that prevented it from advancing to the full House for consideration.

To read more, go here

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