Social Security exemption tabled by House committee

SANTA FE, NM— A proposal to stop taxing New Mexico retirees’ Social Security income was tabled today by the House Taxation and Revenue committee. Representative Cathrynn Brown (R-Carlsbad) and Representative Gail Armstrong (R-Magdalena) are co-sponsors of House Bill 29. HB 29 along with another measure concerning the same issue, both stalled in the committee as members expressed concern over funding.

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