New Mexico Rebates - Lawmakers on Tuesday passed a new tax cut to help citizens make ends meet in New Mexico, United States, as it aims to provide some financial support amid rising inflation and food prices. -rising gas.
New Mexico will now issue $500 checks to adults and families will receive $1,000 payments after the US state approves the bill.
New Mexico Rebates
The Senate voted 35-1 and the House voted 51-13 in favor of the new aid package, which will reportedly distribute approximately $700 million to New Mexicans.
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Seniors with little or no income, as well as undocumented immigrants, will also receive aid payments from the government for those struggling financially due to inflation.
Republican state representative Randal Crowder expressed uncertainty about whether these new controls will benefit the citizens of New Mexico in the long run.
"It will put more pressure and pain on people who will not be able to deal with it. We are putting gas on a burning fire."
According to the Legislative Finance Committee, as many as 490,000 New Mexicans could potentially get a $500 tax break each after the bill passes.
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"Our state's productive budget surplus allows us to deliver much-needed financial relief to our citizens as they deal with the ripple effects of these costs," said State Representative Christine Chandler.
Citizens filing their taxes individually will receive $500 split into two payments, while couples and heads of household will receive a total of $1,000, with the first payment due in June and the second two months later in August.
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