Santa Fe, NM – Today, House Bill 77, passed the House Labor, Veterans, and Military Affairs Committee. House Bill 77, sponsored by Representative Daymon Ely (D-Albuquerque), Representative Dayan Hochman-Vigil (D-Albuquerque), and Senator Bill Tallman (D-Albuquerque), proposes a limited exemption from Personal Income Tax for income from social security retirement that is taxable for federal purposes. Each individual may claim an exemption up to $24,000.
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- Post published:January 31, 2020
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