$959 million tax proposal progresses through roundhouse

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If it passes — $300 tax rebates will go to single filers. Married couples filing jointly will receive $600.

A $959 million tax package proposal passed the House and Revenue committee Monday. House Bill 547, sponsored by the chairman of the New Mexico House & Revenue Tax Committee Rep. Derrick Lente, would include $300 rebates, an increase in alcohol taxes and changes to the child tax credit.

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