Taxes

Assembly Democrats Propose Higher Taxes on Wealthy

The Democratic majority in the Assembly on Thursday countered Gov. Andrew Cuomo's proposal with one of its own that creates new tax brackets for those earning between $5 million and $100 million.

New Mexico budget solvency plan clears Legislature

The New Mexico Legislature approved a $216 million budget solvency plan Wednesday that would fix a current-year deficit and help shore up reserves, as the state wrestles with plunging tax revenues.

Bills to reinstate New Mexico's solar tax credit move ahead

Bipartisan efforts are making headway in the New Mexico House and Senate to reinstate a tax credit that spurred nearly a quarter-billion dollars of investment in roof-top solar and related jobs in the nation's second sunniest state before expiring last year.