ACTION ALERT: Call Today! New Homebuyers Tax Credit in Committee

ACTION ALERT: NEW HOMEBUYERS ENERGY SAVINGS TAX CREDIT IN HOUSE TAXATION AND REVENUE COMMITTEE TODAY

Today, House Bill 177 will be heard by House Taxation and Revenue. This top priority NMGCC bill provides a one-time refundable tax credit to new homebuyers.

The bill is designed to kick-start the construction sector by providing an incentive to consumers to buy newly constructed, energy efficient homes or renovate foreclosed homes.

This bill is revenue positive for the state of New Mexico.

If the public was to take full-advantage of this tax-credit it would create 4,500 jobs, induce $282 million in construction spending, and generate $43 million in new state and local government revenue.

This bill has bi-partisan support and has been endorsed by the Santa Fe, Central New Mexico, and New Mexico Homebuilders Associations, the New Mexico Green Building Council, and the New Mexico Green Chamber of Commerce.

This bill is critical to restarting our construction sector and our economy.  New Mexico finished last in the U.S. among all stages of construction employment last year, losing 6,000 construction jobs. Foreclosures last year totaled 8,797 with 950 in December alone.

HB 177 is scheduled in House Taxation and Revenue today. Please take a moment and call your legislator. Members of the House Tax and Revenue Committee include:

Edward Sandoval (Chair-Albuquerque)
Jim Trujillo (Vice-Chair-Santa Fe)
Don Bratton (Roswell)
Ernie Chavez (Albuquerque)
Anna Crook (Clovis)
George Dodge (Santa Rosa)
Thomas Garcia (Ocate)
Sandra Jeff (Crownpoint)
Tim Lewis (Rio Rancho)
Ben Lujan (Santa Fe)
Rudy Martinez (Silver City)
Dennis Roch (Texico)
James Strickler (Farmington) 
Thomas Taylor (Farmington)
Bob Wooley (Roswell)

You can be connected to your State Senator by calling the legislative switchboard at: (505) 986-4300.