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New Mexico Lawmakers Discuss Personal Income Tax

SANTA FE, N.M. — The lead state budget negotiator in the New Mexico

House of Representative wants lawmakers to consider reducing or

eliminating taxes on personal income. Democratic state Rep. Patricia

Lundstrom of Gallup made the proposal in a newsletter this week

distributed by the Legislature’s budget and accountability office.

The proposal was met Thursday with concern among Democrats that New Mexico’s

overall tax burden might shift toward lower-income residents. Personal

income taxes are a fast growing source of revenue for the state,

propelled by a newly increased top rate of 5.9% on higher incomes.