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Pandemic relief: New Mexicans who earn less than $31,200 annually may be eligible for a $600 tax rebate under a bill unanimously endorsed by the Senate Tax, Business and Transportation Committee. The bill also would give restaurants, bars and other establishments most affected by business restrictions under the state’s public health orders a one-time gross receipts tax holiday from March to June.

The bill, which would cost an estimated $185 million, is part of a larger relief package that lawmakers are considering as a result of the economic turmoil caused by the coronavirus pandemic. “The idea is to send a number of these bills up early to the governor with an emergency clause so they’re effective immediately, and today’s bipartisan, unanimous support for Senate Bill 1 is a very good start,” said Senate Majority Leader Peter Wirth, D-Santa Fe, one of the primary sponsors.



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