A powerful Senate panel just killed the first tax bill before it this afternoon. By a vote of 7 to 4, the Senate Committee on Committees deemed legislation filed by Sen. Dede Feldman, D-Albuquerque, irrelevant to the Legislature’s mission to address this year’s $650 million budgetary shortfall.
The vote followed a 25-minute debate on the governor’s authority to narrow the agenda of the 2009 special legislative session.
Feldman’s legislation would have closed an exemption certain insurance companies now have to the state’s gross receipts tax.
“As you know senator, I don’t always get along with the governor,” said Sen. Majority Leader Michael Sanchez. “On occasion he likes me. On other occasions he doesn’t like me that much.”
Sanchez referred to Richardson’s statement on Saturday that tax increases would be addressed in the January regular session. Richardson and top lawmakers have generally agreed to not broach tax increases to address this year’s
“I take him for his word. And I think those issues will be addressed then,” Sanchez said.
“I don’t mind that we bring up tax proposals” in January, Sanchez said. “I’ll probably vote for a lot of tax proposals. They are not revenue enhancements. They are tax increases.