2007 HB 178 Navajo Nation Electric Facility Tax Credits

CVNM Position:

Oppose

Priority:

CVNM Priority Vote

Year:

2007

Sponsors:

Thomas C. Taylor
Ben Altamirano

Topics:

Energy & Climate Change
Environmental Justice

Legislative Info:

HB 178 on nmlegis.gov »

Description

HB178 (and its companion) SB431 would have provided an $85 million tax credit to the Desert Rock Coal Plant on the Navajo Nation. If built, the plant would offset all the gains made by New Mexico under the proposed clean energy agenda – dramatically increasing mercury and greenhouse gas emissions. A subsidy of this size should be used to incubate and foster New Mexico businesses and clean jobs, not a highly profitable multinational corporation.

Outcome

HB178 died in the House, and SB431 died in the Senate.