2012 SB 23 Amendment to Uranium Hexafluoride Gross Receipts
- CVNM Position:
- Support
- Year:
- 2012
- Sponsors:
-
Carroll H. Leavell
Jim R. Trujillo
- Topics:
- Effective Government
- Legislative Info:
- SB 23 on nmlegis.gov »
Description
Although SB23 (and HB70) made minor technical changes to existing tax deductions, the deductions are so massive and unique that they warrant the highest degree of transparency and oversight. At the very minimum, these tax deductions worth tens of millions of dollars—to a single uranium enrichment company owned by European governments—should have been amended to include a sunset clause of, at most, 10 years.
Outcome
Although CVNM was neutral on the underlying bill, we urged Representatives and Senators to support a sunset clause amendment. The amendment failed to pass the Senate (16-25), and was not heard in the House.
How Legislators Voted on SB 23
- = Pro Conservation Vote
- = Anti Conservation Vote
- A = Absent
- E = Excused
- R = Recused
- W = Abstain