New Mexico 2019 Regular Session Status: In Committee

SB 151 — ECONOMIC DEVELOPMENT & TAX INFO REPORTING

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2019 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

398 added · 250 removed

Plain-language change summary

The recent amendments to Bill SB 151 included changes to the Local Economic Development Act, specifically highlighting the requirement for qualifying entities to report job creation after receiving public support. Additionally, the amendments refined the language in the New Mexico Taxpayer Bill of Rights, ensuring that taxpayers receive clear rights regarding their tax information. These updates are important because they aim to enhance transparency and accountability in how taxpayer funds are utilized and how taxpayers are treated during tax processes.

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SENATE BILL 151 54TH LEGISLATURE - STATEOFNEWMEXICO- FIRST SESSION, 2019 INTRODUCED BY Bill Tallman 6 8 FOR THE REVENUE STABILIZATION AND TAX POLICY COMMITTEE 10 AN ACT RELATING TO ECONOMIC DEVELOPMENT INCENTIVES;
SENATE CORPORATIONS AND TRANSPORTATION COMMITTEE SUBSTITUTE FOR SENATE BILL 151 54 TH LEGISLATURE- STATE OF NEW MEXICO - FIRST SESSIO, 2019 4 6 8 10 AN ACT RELATING TO ECONOMIC DEVELOPMENT INCENTIVES;
REQUIRING RECIPIENTS OF PUBLIC SUPPORT FROM THE STATE PURSUANT TO THE LOCAL ECONOMIC DEVELOPMENT ACT TO REPORT JOB CREATION AND 14 CAPITAL INVESTMENT INFORMATION;
REQUIRING RECIPIENTS OF PUBLIC SUPPORT FROM THE STATE PURSUANT TO THE LOCAL ECONOMIC DEVELOPMENT ACT TO REPORT JOB CREATION AND CAPITAL INVESTMENT INFORMATION;
u [ .211545.3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
u [ .213527.3 SCORC/SB 151 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
A qualifying entity that receives public support 6 provided by the state to a local or regional government shall, prior to April 1 of each year for five years following receiving public support, report to the department the number of new full-time economic base jobs created in the previous calendar year, the total annual wages and salaries for those jobs and any capital investments made in the previous calendar year.
A qualifying entity that receives public support provided by the state to a local or regional government shall, prior to April 1 of each year for five years following receiving public support, report to the department the number of new full-time economic base jobs created in the previous calendar year, the total annual wages and salaries for those jobs and any capital investments made in the previous calendar year.
u [ provided that the majority of the revenue generated from the .211545.3 - 2 - service is from sources outside the state;
u [ provided that the majority of the revenue generated from the .213527.3 - 2 - SCORC/SB 151 service is from sources outside the state;
Section 7-1-8 NMSA 1978 (being Laws 1965, = = l ] 19 Chapter 248, Section 13, as amended) is amended to read:
Section 7-1-4.2 NMSA 1978 (being Laws 2003, = = l ] 19 Chapter 398, Section 2, as amended) is amended to read:
a l r i 20 "7-1-8.
a l r i 20 "7-1-4.2.
CONFIDENTIALITY OF RETURNS AND OTHER t e a t INFORMATION.-- m m 21 e d r e 22 A.
NEW MEXICO TAXPAYER BILL OF RIGHTS.--The rights t e a t afforded New Mexico taxpayers during the assessment, collection m m 21 e d and enforcement of any tax administered by the department as r e 22 c e r c 23 set forth in the Tax Administration Act include:
It is unlawful for any person other than the c e r c 23 taxpayer to reveal to any other person the taxpayer's return or e a n b 24 return information, except as provided in Sections 7-1-8.1 u [ through [7-1-8.11 ] 7-1-8.12 NMSA 1978.
e a n b 24 A.
.211545.3 - 3 - B.
the right to available public information and u [ prompt and courteous tax assistance;
.213527.3 - 3 - SCORC/SB 151 B.
the right to be represented or advised by counsel or other qualified representatives at any time in administrative interactions with the department in accordance with the provisions of Section 7-1-24 NMSA 1978 or the administrative hearings office in accordance with the provisions of the Administrative Hearings Office Act;
C.
the right to have audits, inspections of records and meetings conducted at a reasonable time and place in accordance with the provisions of Section 7-1-11 NMSA 1978;
D.
the right to have the department conduct its audits in a timely and expeditious manner and be entitled to the tolling of interest as provided in the Tax Administration Act;
E.
the right to obtain nontechnical information that explains the procedures, remedies and rights available during audit, protest, appeals and collection proceedings e e 17 pursuant to the Tax Administration Act;
e e n d 18 F.
the right to be provided with an explanation of = = l ] 19 the results of and the basis for audits, assessments or denials a l r i 20 of refunds that identify any amount of tax, interest or penalty t e a t due;
m m 21 e d G.
the right to seek review, through formal or r e 22 c e r c 23 informal proceedings, of any findings or adverse decisions e a n b 24 relating to determinations during audit or protest procedures u [ in accordance with the provisions of Section 7-1-24 NMSA 1978 .213527.3 - 4 - SCORC/SB 151 and the Administrative Hearings Office Act;
H.
the right to have the taxpayer's tax information kept confidential unless otherwise specified by law, in accordance with Sections 7-1-8 through [7-1-8.11 ] 7-1-8.12 NMSA 1978;
I.
the right to abatement of an assessment of taxes determined to have been incorrectly, erroneously or illegally made, as provided in Section 7-1-28 NMSA 1978 and the right to seek a compromise of an asserted tax liability by obtaining a written determination of liability or nonliability when the secretary in good faith is in doubt of the liability as provided in Section 7-1-20 NMSA 1978;
J.
upon receipt of a tax assessment, the right to be informed clearly that if the assessment is not paid, secured, protested or otherwise provided for in accordance with the provisions of Section 7-1-16 NMSA 1978, the taxpayer will e e 17 be a delinquent taxpayer and, upon notice of delinquency, the e e n d 18 right to timely notice of any collection actions that will = = l ] 19 require sale or seizure of the taxpayer's property in a l r i 20 accordance with the provisions of the Tax Administration Act;
t e a t and m m 21 e d K.
the right to procedures for payment of tax r e 22 c e r c 23 obligations by installment payment agreements, in accordance e a n b 24 with Section 7-1-21 NMSA 1978." u [ SECTION 3.
Section 7-1-8 NMSA 1978 (being Laws 1965, .213527.3 - 5 - SCORC/SB 151 Chapter 248, Section 13, as amended) is amended to read:
"7-1-8.
CONFIDENTIALITY OF RETURNS AND OTHER INFORMATION.-- A.
It is unlawful for any person other than the taxpayer to reveal to any other person the taxpayer's return or return information, except as provided in Sections 7-1-8.1 through [7-1-8.11 ] 7-1-8.12 NMSA 1978.
B.
(2) may only be revealed for the authorized purpose and only to the extent necessary to perform that authorized purpose;
e e 17 (2) may only be revealed for the authorized e e n d 18 purpose and only to the extent necessary to perform that = = l ] 19 authorized purpose;
(3) shall at all times be protected from being revealed to an unauthorized person by physical, electronic or any other safeguards specified by directive by the secretary;
a l r i 20 (3) shall at all times be protected from being t e a t revealed to an unauthorized person by physical, electronic or m m 21 e d any other safeguards specified by directive by the secretary;
and e e 17 (4) shall be returned to the secretary or the e e n d 18 secretary's delegate or destroyed as soon as it is no longer = = l ] 19 required for the authorized purpose.
r e 22 c e r c 23 and e a n b 24 (4) shall be returned to the secretary or the u [ secretary's delegate or destroyed as soon as it is no longer .213527.3 - 6 - SCORC/SB 151 required for the authorized purpose.
a l r i 20 C.
C.
If any provision of Sections 7-1-8.1 through t e a t [7-1-8.11] 7-1-8.12 NMSA 1978 requires that a return or return m m 21 e d r e 22 information will only be revealed pursuant to a written c e r c 23 agreement between a person and the department, the written e a n b 24 agreement shall:
If any provision of Sections 7-1-8.1 through [7-1-8.11] 7-1-8.12 NMSA 1978 requires that a return or return information will only be revealed pursuant to a written agreement between a person and the department, the written agreement shall:
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u [ (1) list the name and position of any official .211545.3 - 4 - or employee of the person to whom a return or return information is authorized to be revealed under the provision;
(1) list the name and position of any official or employee of the person to whom a return or return information is authorized to be revealed under the provision;
and (4) provide for reimbursement to the department for all costs incurred by the department in supplying the returns or return information to, and administering the agreement with, the person.
and (4) provide for reimbursement to the department for all costs incurred by the department in e e 17 supplying the returns or return information to, and e e n d 18 administering the agreement with, the person.
= = l ] 19 D.
A return or return information that is lawfully a l r i 20 made public by an employee of the department or any other t e a t person, or that is made public by the taxpayer, is not subject m m 21 e d to the provisions of this section once it is made public." r e 22 c e r c 23 SECTION 4.
A new Section 7-1-8.12 NMSA 1978 is enacted to e a n b 24 read:
u [ "7-1-8.12.
[NEW MATERIAL ] INFORMATION THAT MAY BE .213527.3 - 7 - SCORC/SB 151 REVEALED TO STATE PROFESSIONAL ECONOMISTS.-- A.
An employee of the department may reveal to a state professional economist return information for purposes provided in this section.
B.
Upon request by a state chief economist, including by electronic means, the department shall provide return information, except that which is prohibited by law, to a state professional economist of the same agency as that of the requesting state chief economist.
In cases where access is prohibited by federal law, and upon an additional request by the state chief economist, the department shall provide the requested return information, redacting any prohibited information.
In regard to return information filed pursuant to the Income Tax Act, Corporate Income and Franchise Tax Act, Withholding Tax Act and Uniform Division of Income for Tax Purposes Act, the department shall only provide aggregated data e e 17 to three taxpayers, or more if necessary to maintain federal e e n d 18 standards for confidential return information, as determined by = = l ] 19 the department, and shall not include personally identifiable a l r i 20 information.
t e a t C.
Prior to the initial reveal of return m m 21 e d information to a state professional economist, the department r e 22 c e r c 23 and the state professional economist's agency shall enter into e a n b 24 a memorandum of understanding for security protocols regarding u [ the confidentiality of the return information.
The memorandum .213527.3 - 8 - SCORC/SB 151 of understanding shall be in effect for any subsequent requests to reveal return information to that agency.
A return or return information that is lawfully made public by an employee of the department or any other person, or that is made public by the taxpayer, is not subject to the provisions of this section once it is made public." SECTION 3.
A new Section 7-1-8.12 NMSA 1978 is enacted to e e 17 read:
e e n d 18 "7-1-8.12.
[NEW MATERIAL ] INFORMATION THAT MAY BE = = l ] 19 REVEALED TO STATE PROFESSIONAL ECONOMISTS OF THE LEGISLATIVE a l r i 20 FINANCE COMMITTEE AND THE DEPARTMENT OF FINANCE AND t e a t ADMINISTRATION.-- m m 21 e d r e 22 A.
An employee of the department may reveal to a c e r c 23 state professional economist return information for purposes e a n b 24 provided in this section.
u [ B.
Upon written request by a state professional .211545.3 - 5 - economist, including by electronic means, the department shall provide return information except that to which access is prohibited by federal law.
In cases where access is prohibited by federal law, and upon an additional request by a state professional economist, the department shall provide the requested return information, redacting any prohibited information.
C.
D.
E.
A state professional economist shall not reveal such return e e 17 information unless the information is aggregated to at least e e n d 18 three businesses.
A state professional economist shall not reveal such return information unless the information is aggregated to at least three businesses.
= = l ] 19 E.
A state professional economist is prohibited a l r i 20 from requesting or using return information received pursuant t e a t to this section for any purpose other than to:
m m 21 e d r e 22 (1) improve revenue tracking and forecasting;
c e r c 23 (2) evaluate tax expenditures and economic e a n b 24 development incentives for effectiveness and efficiency or to u [ make recommendations regarding the continuance of such .211545.3 - 6 - expenditures and incentives;
and (3) analyze potential issues of multiple taxpayers' misreporting or underreporting.
As used in this section, "state professional economist" means a professional economist who is an employee or contractor of the legislative finance committee or the department of finance and administration." SECTION 4.
A state professional economist is prohibited from requesting or using return information received pursuant to this section for any purpose other than to:
Section 7-1-76 NMSA 1978 (being Laws 1965, Chapter 248, Section 76, as amended) is amended to read:
e e 17 (1) improve revenue tracking and forecasting;
"7-1-76.
e e n d 18 (2) evaluate tax expenditures and economic = = l ] 19 development incentives for effectiveness and efficiency or to a l r i 20 make recommendations regarding the continuance of such t e a t expenditures and incentives;
REVEALING INFORMATION CONCERNING TAXPAYERS-- ATTEMPTS TO DIRECT AN AUTHORIZED PERSON TO REVEAL TAXPAYER INFORMATION--PENALTY.-- A.
and m m 21 e d (3) analyze potential issues of multiple r e 22 c e r c 23 taxpayers' misreporting or underreporting as part of broader e a n b 24 tax policy and tax administration concerns but not to act as an u [ audit of any individual taxpayers.
A person who reveals to another person any return or return information that is prohibited from being revealed pursuant to Section 7-1-8 NMSA 1978 or who uses a return or return information for any purpose that is not e e 17 authorized by Sections 7-1-8 through [7-1-8.11 ] 7-1-8.12 NMSA e e n d 18 1978 is guilty of a misdemeanor and shall, upon conviction = = l ] 19 thereof, be fined not more than one thousand dollars ($1,000) a l r i 20 or imprisoned up to one year, or both, together with costs of t e a t prosecution, and shall not be employed by the state for a m m 21 e d r e 22 period of five years after the date of the conviction.
.213527.3 - 9 - SCORC/SB 151 G.
c e r c 23 B.
A state professional economist shall destroy all confidential return information received pursuant to this section within one year of receipt of the information.
If a person who is authorized to receive a e a n b 24 return or return information receives a request from another u [ person who is not authorized to receive such information, the .211545.3 - 7 - authorized person shall notify the requester in writing that the information cannot be revealed pursuant to Section 7-1-8 NMSA 1978.
H.
If, after receiving the written notification, the requester attempts to direct or coerce the authorized person to provide the information, the requester is guilty of a 6 misdemeanor and shall, upon conviction thereof, be fined not more than one thousand dollars ($1,000) or imprisoned up to one year, or both, together with costs of prosecution, and shall not be employed by the state for a period of five years after the date of the conviction." SECTION 5.
As used in this section:
A new section of the Tax Administration Act is enacted to read:
(1) "state chief economist" means the chief economist of the legislative finance committee, department of finance and administration or economic development department, or if those agencies have no chief economist, the state professional economist designated by the secretary of such agency to request return information pursuant to this section;
"[NEW MATERIAL] TAX EXPENDITURE BUDGET.-- A.
and (2) "state professional economist" means a professional economist who is an employee or contractor of the legislative finance committee, department of finance and administration or economic development department." SECTION 5.
No later than October 15 of each year, the secretary shall compile and present a tax expenditure budget to the governor, the revenue stabilization and tax policy e e 17 committee and the legislative finance committee.
Section 7-1-76 NMSA 1978 (being Laws 1965, e e 17 Chapter 248, Section 76, as amended) is amended to read:
e e n d 18 B.
e e n d 18 "7-1-76.
A tax expenditure budget shall:
REVEALING INFORMATION CONCERNING TAXPAYERS-- = = l ] 19 ATTEMPTS TO DIRECT AN AUTHORIZED PERSON TO REVEAL TAXPAYER a l r i 20 INFORMATION--PENALTY.-- t e a t A.
= = l ] 19 (1) detail the approximate costs in foregone a l r i 20 revenue from each tax expenditure that impacts the general fund t e a t from the three years preceding the current fiscal year and the m m 21 e d r e 22 current and upcoming fiscal years;
A person who reveals to another person any m m 21 e d return or return information that is prohibited from being r e 22 c e r c 23 revealed pursuant to Section 7-1-8 NMSA 1978 or who uses a e a n b 24 return or return information for any purpose that is not u [ authorized by Sections 7-1-8 through [7-1-8.11 ] 7-1-8.12 NMSA .213527.3 - 10 - SCORC/SB 151 1978 is guilty of a misdemeanor and shall, upon conviction thereof, be fined not more than one thousand dollars ($1,000) or imprisoned up to one year, or both, together with costs of prosecution, and shall not be employed by the state for a period of five years after the date of the conviction.
c e r c 23 (2) identify each tax expenditure and the e a n b 24 expenditure's statutory basis, purpose, year of enactment and u [ date of amendment or repeal, if any;
B.
and .211545.3 - 8 - (3) include the number of taxpayers that claimed each tax expenditure.
If a person who is authorized to receive a return or return information receives a request from another person who is not authorized to receive such information, the authorized person shall notify the requester in writing that the information cannot be revealed pursuant to Section 7-1-8 NMSA 1978.
If, after receiving the written notification, the requester attempts to direct or coerce the authorized person to provide the information, the requester is guilty of a misdemeanor and shall, upon conviction thereof, be fined not more than one thousand dollars ($1,000) or imprisoned up to one year, or both, together with costs of prosecution, and shall e e 17 not be employed by the state for a period of five years after e e n d 18 the date of the conviction." = = l ] 19 SECTION 6.
A new section of the Tax Administration Act is a l r i 20 enacted to read:
t e a t "[NEW MATERIAL] TAX EXPENDITURE BUDGET.-- m m 21 e d A.
No later than October 15 of each year, the r e 22 c e r c 23 secretary shall compile and present a tax expenditure budget to e a n b 24 the governor, the revenue stabilization and tax policy u [ committee and the legislative finance committee and post the .213527.3 - 11 - SCORC/SB 151 tax expenditure budget report to the department's website.
B.
A tax expenditure budget report shall include the following information for each tax expenditure of a tax administered by the department:
(1) identify the tax expenditure and the expenditure's statutory basis;
(2) the year of enactment, amendment or repeal, if any;
(3) a brief description of the tax expenditure;
(4) the intended purpose of the tax expenditure, if specified in the law providing for the tax expenditure or as otherwise determined by the department;
(5) an estimate of the approximate amount of foregone revenue by fiscal year for the three fiscal years preceding the current fiscal year, including the general fund, e e 17 other state funds and local government revenues;
e e n d 18 (6) an estimate of the approximate costs in = = l ] 19 foregone revenue by fiscal year for the current and subsequent a l r i 20 fiscal year, if feasible, and a brief description of the t e a t methodology and assumptions applied to the forecasted estimate;
m m 21 e d (7) the number of taxpayers that claimed the r e 22 c e r c 23 tax expenditure for each fiscal year reported, unless reporting e a n b 24 of such data is in a form that can be associated with or u [ otherwise identify, directly or indirectly, a particular .213527.3 - 12 - SCORC/SB 151 taxpayer;
(8) the data source used for the estimate;
and (9) a measure of the reliability of the estimate.
The department is authorized to request from an executive agency or a local government agency or official, information necessary to complete the tax expenditure budget required by this section.
A tax expenditure budget report may include additional information that the department considers relevant to the review of individual tax expenditures, including:
An agency or official shall comply with a request made pursuant to this section by the department as permitted by law.
(1) a description or reference citation of any tax expenditure evaluation or compilation of information completed by an executive or legislative agency since the last tax expenditure budget report by the department;
and (2) a measure of the tax expenditure's effect on the administration of the tax system.
As used in this section, "tax expenditure" means a deduction, credit, exemption, exclusion, preferential tax rate, subtraction or allowance that reduces tax liability, as determined by the secretary in consultation with the legislative finance committee and the department of finance and administration." SECTION 6.
The department is authorized to request from an executive agency or a local government agency or official, information necessary to complete the tax expenditure budget e e 17 required by this section.
An agency or official shall comply e e n d 18 with a request made pursuant to this section by the department = = l ] 19 as permitted by law.
a l r i 20 E.
As used in this section, "tax expenditure" means t e a t a deduction, credit, exemption, exclusion, preferential tax m m 21 e d rate, subtraction or allowance that reduces tax liability, as r e 22 c e r c 23 determined by the secretary in consultation with the e a n b 24 legislative finance committee and the department of finance and u [ administration." .213527.3 - 13 - SCORC/SB 151 SECTION 7.
e e 17 "9-15-10.
"9-15-10.
ORGANIZATIONAL UNITS OF DEPARTMENT--POWERS AND e e n d 18 DUTIES SPECIFIED BY LAW--ACCESS TO INFORMATION.-- = = l ] 19 A.
ORGANIZATIONAL UNITS OF DEPARTMENT--POWERS AND DUTIES SPECIFIED BY LAW--ACCESS TO INFORMATION.-- A.
Those organizational units of the department and a l r i 20 the officers of those units specified by law shall have all of t e a t the powers and duties enumerated in the specific laws involved.
Those organizational units of the department and the officers of those units specified by law shall have all of the powers and duties enumerated in the specific laws involved.
m m 21 e d r e 22 However, the carrying out of those powers and duties shall be c e r c 23 subject to the direction and supervision of the secretary, and e a n b 24 [he] the secretary shall retain the final decision-making u [ authority and responsibility for the administration of any such .211545.3 - 9 - laws as provided in Subsection B of Section 9-15-6 NMSA 1978.
However, the carrying out of those powers and duties shall be subject to the direction and supervision of the secretary, and [he] the secretary shall retain the final decision-making authority and responsibility for the administration of any such laws as provided in Subsection B of Section 9-15-6 NMSA 1978.
Except as provided in Subsection B of this section, any information obtained by the department that is proprietary technical information or related to the possible relocation or expansion of a business shall be deemed confidential and withheld from inspection pursuant to the Inspection of Public Records Act.
Except as provided in e e 17 Subsection B of this section, any information obtained by the e e n d 18 department that is proprietary technical information or related = = l ] 19 to the possible relocation or expansion of a business shall be a l r i 20 deemed confidential and withheld from inspection pursuant to t e a t the Inspection of Public Records Act.
B.
m m 21 e d B.
Upon written request by a state professional economist, including by electronic means, the department shall provide all information obtained by the department that is proprietary technical information or related to an actual or possible relocation or expansion of a business.
Upon written request by a state professional r e 22 c e r c 23 economist, including by electronic means, the department shall e a n b 24 provide all information obtained by the department that is u [ proprietary technical information or related to an actual or .213527.3 - 14 - SCORC/SB 151 relocation or expansion of a business;
The state professional economist is prohibited from requesting or using e e 17 this information for any purpose other than to evaluate tax e e n d 18 expenditures and economic development incentives for = = l ] 19 effectiveness and efficiency or to make recommendations a l r i 20 regarding the continuance of such expenditures and incentives.
provided that providing such information shall not violate the terms of a previously executed agreement with the department.
t e a t C.
The state professional economist is prohibited from requesting or using this information for any purpose other than to evaluate tax expenditures and economic development incentives for effectiveness and efficiency or to make recommendations regarding the continuance of such expenditures and incentives.
The department shall provide visible and clearly m m 21 e d r e 22 marked notification of confidential information revealed c e r c 23 pursuant to Subsection B of this section.
A state professional e a n b 24 economist shall not reveal such confidential information unless u [ the information is aggregated to at least three businesses.
.211545.3 - 10 - D.
As used in this section, "state professional economist" means a professional economist who is an employee or contractor of the legislative finance committee, the department of finance and administration or the taxation and revenue department." 6 SECTION 7.
Section 9-26-14 NMSA 1978 (being Laws 2007, Chapter 200, Section 14) is amended to read:
"9-26-14.
DISCLOSURE OF INFORMATION.-- A.
To the extent permitted by federal law, upon the written request of a corporation organized pursuant to the Educational Assistance Act, the department shall furnish the last known address and the date of that address of every person certified to the department as being an absent obligor of an educational debt that is due and owed to the corporation or that the corporation has lawfully contracted to collect.
The corporation and its officers and employees shall use such e e 17 information only for the purpose of enforcing the educational e e n d 18 debt obligation of such absent obligors and shall not disclose = = l ] 19 that information or use it for any other purpose.
a l r i 20 B.
To the extent permitted by federal law, upon t e a t written request by a state professional economist, including by m m 21 e d r e 22 electronic means, the department shall provide all information c e r c 23 related to labor data obtained by the department.
The state e a n b 24 professional economist is prohibited from requesting or using u [ this information for any purpose other than to evaluate tax .211545.3 - 11 - expenditures and economic development incentives for effectiveness and efficiency or to make recommendations regarding the continuance of such expenditures and incentives.
The department shall provide visible and clearly marked notification of confidential information revealed 6 pursuant to Subsection B of this section.
The department shall provide visible and clearly marked notification of confidential information revealed pursuant to Subsection B of this section.
As used in this section, "state professional economist" means a professional economist who is an employee or contractor of the legislative finance committee, the department of finance and administration or the taxation and revenue department." SECTION 8.
As used in this section, "state professional economist" means a professional economist who is an employee or contractor of the legislative finance committee, the department e e 17 of finance and administration or the taxation and revenue e e n d 18 department." = = l ] 19 SECTION 8.
APPROPRIATION.--One hundred eighty-eight thousand dollars ($188,000) is appropriated from the general fund to the legislative finance committee for expenditure in e e 17 fiscal year 2020 to assist the committee in evaluating tax e e n d 18 expenditures and other economic development incentives.
Section 9-26-14 NMSA 1978 (being Laws 2007, a l r i 20 Chapter 200, Section 14) is amended to read:
Any = = l ] 19 unexpended or unencumbered balance remaining at the end of a l r i 20 fiscal year 2020 shall revert to the general fund.
t e a t "9-26-14.
t e a t SECTION 9.
DISCLOSURE OF INFORMATION.-- m m 21 e d A.
EFFECTIVE DATE.--The effective date of the m m 21 e d r e 22 provisions of this act is July 1, 2019.
To the extent permitted by federal law, upon the r e 22 c e r c 23 written request of a corporation organized pursuant to the e a n b 24 Educational Assistance Act, the department shall furnish the u [ last known address and the date of that address of every person .213527.3 - 15 - SCORC/SB 151 certified to the department as being an absent obligor of an educational debt that is due and owed to the corporation or that the corporation has lawfully contracted to collect.
c e r c 23 - 12 - e a n b 24 u [ .211545.3
The corporation and its officers and employees shall use such information only for the purpose of enforcing the educational debt obligation of such absent obligors and shall not disclose that information or use it for any other purpose.
B.
To the extent permitted by federal law, upon written request by a state professional economist, including by electronic means, the department shall provide all information related to labor data obtained by the department.
The state professional economist is prohibited from requesting or using this information for any purpose other than to evaluate tax expenditures and economic development incentives for effectiveness and efficiency or to make recommendations regarding the continuance of such expenditures and incentives.
e e 17 C.
The department shall provide visible and clearly e e n d 18 marked notification of confidential information revealed = = l ] 19 pursuant to Subsection B of this section.
A state professional a l r i 20 economist shall not reveal such confidential information unless t e a t the information is aggregated to at least three businesses.
m m 21 e d D.
As used in this section, "state professional r e 22 c e r c 23 economist" means a professional economist who is an employee or e a n b 24 contractor of the legislative finance committee, the department u [ of finance and administration, the economic development .213527.3 - 16 - SCORC/SB 151 department or the taxation and revenue department.
" SECTION 9.
APPROPRIATION.--One hundred eighty-eight thousand dollars ($188,000) is appropriated from the general fund to the legislative finance committee for expenditure in fiscal year 2020 to assist the committee in evaluating tax expenditures and other economic development incentives.
Any unexpended or unencumbered balance remaining at the end of fiscal year 2020 shall revert to the general fund.
SECTION 10.
EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2019.
- 17 - 13 15 e e 17 e e n d 18 = = l ] 19 a l r i 20 t e a t m m 21 e d r e 22 c e r c 23 e a n b 24 u [ .213527.3
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Action History

  1. action postponed indefinitely

  2. DO NOT PASS, replaced with committee substitute

  3. Sent to Senate Corporations and Transportation Committee & Senate Judiciary Committee & Senate Finance Committee

  4. Sent to Senate Pre-file

Sponsors

  • Bill Tallman · Primary

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1 sponsors · 0 co-sponsors · 111 not signed on

Sponsors (1)

  • Tallman, Bill

Co-sponsors (0)

None.

Not signed on (111)

111 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 151?
SB 151 is sponsored by Tallman, Bill.
What is the current status of SB 151?
This bill died with 2019 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 151?
Track SB 151 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 2 months ago · updated continuously

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