2007 SB 431 Navajo Nation Electric Generation Tax Credit

CVNM Position:

Oppose

Priority:

CVNM Priority Vote

Year:

2007

Sponsors:

Ben Altamirano
Thomas C. Taylor

Topics:

Energy & Climate Change
Environmental Justice

Legislative Info:

SB 431 on nmlegis.gov »

Description

SB 431 and its companion HB1781 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

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