The 2010 legislative session ended yesterday with the House having completely avoided the Tax Lightning issue. According to Dan Boyd of the Albuquerque Journal, The Senate passed four separate bills to address “tax lightning,” including reasonable efforts by Sen. Neville and Sen. Eichenberg. Text of Eichenberg’s bill which would extend the 3% cap to all properties can be found here. Neville’s bill can be found here.
Unfortunately, as I’ve noted before, the New Mexico House seems to be inherently unwilling to make the tough decisions necessary to solve the problems facing New Mexicans. Notably, the entire House is up for election this November.
Hopefully Governor Richardson will put “tax lightning” on call for the special session. Tell him what you think.