New Mexico Businesses Biggest Losers of Governor’s SB 9 Veto

March 7, 2012

CONTACT: Sharon Kayne, Communications Director, NM Voices for Children
505-244-9505 ext. 110 (p), 505-401-8709 (c), 505-244-9509 (f),

ALBUQUERQUE—New Mexico Voices for Children released the following statement about Governor Martinez’s veto of SB 9.

“Governor Martinez has said that she did not support closing a tax loophole for out-of-state corporations because she did not want to ‘pick winners and losers.’ But by vetoing SB 9 she has done just that, making winners out of big corporations that can continue to game our tax system,” said Bill Jordan, Policy Director for the child advocacy group.

“New Mexico’s small businesses lose out when corporate special interests get preferential treatment. We’ve long supported closing this tax loophole because it puts New Mexico businesses at a competitive disadvantage. New Mexico businesses pay taxes on their profits and those taxes support the infrastructure and services all businesses rely upon—roads, education, police and fire protection, and more. It’s not fair that big corporations can avoid paying for them too.

“SB 9 would have helped level the playing field for New Mexico’s small businesses and would have made us more competitive with all the other Western states that have closed this loophole.

“As advocates for our families, we’re disappointed to see the Governor side with big corporations that aren’t willing to support the communities where they make their profits—especially at the expense of small business,” Jordan said.


New Mexico Voices for Children is a nonpartisan, nonprofit organization advocating for policies to improve the health and well-being of New Mexico’s children, families and communities.
2340 Alamo SE, Suite 120, Albuquerque, NM 87106-3523; 505-244-9505 (p);