Foster Parent Tax Credit

Also relevant to:Adoptive or foster parent

Where it is in the process

Plain-English Summary

This bill creates a new income tax credit for foster parents and guardians in New Mexico. Eligible taxpayers can claim a credit of $500 per month for each child they care for, up to a maximum of $6,000 per year. The credit is refundable, meaning if it exceeds the taxpayer's tax liability, the difference will be paid to them.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Read full bill text →↓ Why am I seeing this?

Want updates?

Get notified when NM SB88 moves stage

Pick a channel below. Every option is opt-in, and we tell you exactly what we store.

Email

Identified

We store your email address and the bill ID. We'll send a confirmation link first; alerts only start after you click it. Every email has a one-click unsubscribe.

Coming soon

RSS feed· Atom 1.0 + JSON Feed per bill
Bluesky· follow a CivicRadar bot post per status change
Telegram· channel or DM via bot
Discord· channel webhook
WhatsApp· via WhatsApp Business
SMS· via Twilio