Sat Mar 8 5:09PM - 13 days, 17 hours left in session
| Sponsor | ||
|---|---|---|
| Sen. Crystal Brantley | 35 | Catron, Doña Ana, Grant, Hidalgo, Luna, Sierra & Socorro |
| Status | |||
|---|---|---|---|
| STBTC | [Referred, not scheduled] | ||
| SFC | |||
This is the official nmlegis action history. I'm doing my best to translate the LONG/WEIRD-STRING to something less gibberishy. And before you ask, no, the "Legis Day" number has no mapping to the real world.
Actions: [4] STBTC/SFC-STBTC
| Legis Day | Action | Details |
|---|---|---|
| 4 | referred | STBTC/SFC |
| 4 | sent | STBTC |
This table shows bill actions detected on Ed's system, using heuristics that may not be 100% accurate and which may not reflect the "official" nmlegis chronology. It is probably more than you care to know.
| Feb 3 | filed: [Prefiled by Crystal Brantley; not yet on nmlegis] |
| [new] | |
| sent to STBTC | |
| title: '[prefiled by Crystal Brantley; Not Yet on Nmlegis]' -> 'Foster Parent & Guardian Income Tax' | |
| actions: 'SPREF' -> '[4] STBTC/SFC-STBTC' | |
| new sponsor: Crystal Brantley |
SENATE BILL 272
57th legislature - STATE OF NEW MEXICO - first session, 2025
INTRODUCED BY
Crystal Brantley
AN ACT
RELATING TO TAXATION; EXEMPTING FROM INCOME TAX THE INCOME OF AN INDIVIDUAL WHO IS A FOSTER PARENT, IS A GUARDIAN OF THE INDIVIDUAL'S GRANDCHILD OR HAS ADOPTED THE INDIVIDUAL'S GRANDCHILD.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. A new section of the Income Tax Act is enacted to read:
"[NEW MATERIAL] EXEMPTION--INCOME OF FOSTER PARENTS, GUARDIAN GRANDPARENTS AND ADOPTIVE GRANDPARENTS.--
A. The income of an individual who, during the entire taxable year, is a foster parent of a child, is a guardian of the individual's grandchild or has adopted the individual's grandchild is exempt from state income tax for that taxable year; provided that the child or grandchild has not reached eighteen years of age during the taxable year.
B. The exemption provided by this section shall be included in the tax expenditure budget pursuant to Section 7-1-84 NMSA 1978, including the annual aggregate cost of the exemption.
C. As used in this section:
(1) "foster parent" means a person licensed or certified by the children, youth and families department or a child placement agency to provide care for children in the custody of the department or agency; and
(2) "guardian" means a person appointed as a guardian pursuant to the Kinship Guardianship Act."
SECTION 2. APPLICABILITY.--The provisions of this act apply to taxable years beginning on or after January 1, 2025.
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