2008 HJM 7 Study Coal Surtax

CVNM Position:

Oppose

Year:

2008

Sponsors:

Ray Begaye

Topics:

Land
Wildlife & Habitat Conservation

Legislative Info:

HJM 7 on nmlegis.gov »

Description

Almost every year, the Legislature considers measures that would affect the existing surtax on coal – usually supporting the elimination of the surtax. HJM 7 holds that the surtax is inequitable and flawed – appearing to tacitly support its repeal. In fact, eliminating the coal surtax would constitute a de facto $6.9 million subsidy to a thriving resource extraction industry.

Outcome

HJM 7 passed the House, but was defeated in the Senate.