2003 income tax cuts

As New Mexico lawmakers prepare for Saturday’s special legislative session to deal with this year’s large budget shortfall, Gov. Bill Richardson and some lawmakers have repeatedly said that repealing the state’s income tax cuts isn’t an option — not yet at least.
But as KUNM’s Jim Williams reports, one deleted element of the 2003 tax cuts [...]

Kate Nash of the Santa Fe New Mexican gives us a story today about another group — this time the American Federation of Teachers New Mexico — calling for a repeal of the 2003 income tax cuts to help the state balance its budget this year.

Gov. Bill Richardson reiterated Tuesday that he isn’t interested in scaling back his 2003 state income tax cuts or the state tax incentive program for films that his administration vigorously defended over the years.
But the state’s looming budget gap has the state’s chief executive indicating that he’s open to looking at closing some tax credits [...]