Local News Printer Tax Credit

Where it is in the process

Plain-English Summary

This bill creates two new tax credits in New Mexico: the Local News Printer Income Tax Credit and the Local News Printer Corporate Income Tax Credit. These credits allow owners of local news printers to claim a tax credit based on the wages paid to qualified employees who work in newspaper production. The credit aims to support local news printers by reducing their tax liability, with a total annual cap of $1 million for both credits combined.

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

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