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Rep. Gail Armstrong Proposes Tax Break For Senior Citizens In New Mexico

on February 13, 2019 - 7:20am
Rep. Gail Armstrong
SANTA FE New Mexico’s Senior Citizens deserve a tax break and they would receive one under a new measure proposed by Rep. Gail Armstrong (R-Magdalena).
House Bill 477 (HB 477) would allow senior citizens to claim up to $24,000 in Social Security Income without being forced to pay state taxes. If passed, HB 477 could mean a tax break of hundreds of dollars every year for senior citizens on a fixed income.
“Our senior citizens deserve a break,” Rep. Armstrong said. “They are so important to our communities and state that we should do all we can to support them. So many of our senior citizens make the choice to live in New Mexico and volunteer in our communities and we shouldn’t be over-taxing their limited income.”
New Mexico is one of only 13 states that tax senior citizen’s social security. To date, House Democrats have note scheduled HB 477 for a hearing.