Not only did New Mexico voters weigh in on a new president, but they also made selections for state congressional seats. All 70 seats in the New Mexico House of Representatives and all 42 New Mexico Senate seats were decided on by voters. The turnover of seats was larger than Read more…
The Economic and Rural Development Policy Committee (ERDC) and the Revenue Stabilization and Tax Policy Committee (RSTP) met on successive days in mid October to discuss liquor excise taxes. The hearings and discussions were a continuation of attempts during the 2024 Legislature to increase alcohol taxes, allocate additional funds to alcohol abuse treatment programs, Read more…
It’s clear that the New Mexico Legislature will continue to address liquor reform during the 60-day legislative session that begins on January 21, 2025. Our sources indicate liquor excise tax discussions will resume where they left off in 2024. The New Mexico Alcohol Alliance has joined other liquor industry leaders Read more…
At the August 20-21 meeting of the Legislative Finance Committee, economists from the Executive and Legislative branches noted that New Mexico’s consistent and large revenue growth over the past decade is slowing down, but legislators will still have a considerable sum of new money available to allocate when they meet Read more…
While the risk looms that the New Mexico Legislature will attempt to increase liquor excise taxes in the 2025 Session, another threat to alcohol establishments has been given a boost by the results of the primary election held last month. According to an article by the Santa Fe New Mexican, Read more…
A bill that was introduced during the 2024 Legislature by Rep. Michaela Lara Cadena (D-Dona Ana) would have shifted the liquor excise tax collection burden from wholesaler sellers of alcohol to retailers. The bill, which appeared to be favored over other liquor tax bills, is likely to be brought up Read more…
It’s a fair question given that more than 15 alcohol related bills, many of which contained a public safety or health component, were introduced during the 2024 regular session that ended in February. Governor Michelle Lujan Grisham has called for the convening of a special session on July 18 to discuss Read more…
The deadline to file as a candidate for a House or Senate seat in the 2024 Primary election for the New Mexico Legislature was March 12. Twenty state legislators will not be returning to their seats for the 2025 session, including 11 Senators and 9 Representatives. Several Representatives are not Read more…
By the time the 2024 Legislative Session ended in mid-February, 72 bills — out of more than 650 that were introduced — were on their way to the governor’s desk for signature, veto, or pocket veto. The governor had until Wednesday of this week (March 6) to act. When she finished, Read more…
The House Taxation and Revenue Committee will discuss both HB-179 and HB-213 at 8:30 AM MST on Wednesday, February 7. Both bills aim to increase taxes on alcohol; but while HB-179 increases taxes dramatically, HB-213 reserves its greatest increases for higher priced alcohol. As we reported previously, HB-213 changes the liquor excise tax from a wholesale transaction to one Read more…