By Susan Dunlap, NM Political Report
Mar. 24, 2023
New Mexico continues to rank at the bottom on child well being indexes, but the 2023 Legislature passed some bills that advocates say can make an impact on that low ranking.
A child tax credit was included in the final omnibus tax package and it will help improve racial and gender equity, Amber Wallin, executive director of New Mexico Voices for Children, told NM Political Report.
HB 547, the omnibus tax bill, underwent multiple conference committees but the New Mexico Child Tax Credit survived the negotiations. It will, among other things, provide up to $600 per child annually as a child tax credit for families earning $25,000 or less a year. For households earning $25,000 to $50,000, the annual child tax credit will be $400 per child and for households earning $50,000 to $75,000, the annual child tax credit will be $200 per child if Gov. Michelle Lujan Grisham signs the bill into law.
She is expected to do so.
Read more at NM Political Report