2006 SB 495 Tax Increment for Development Act

CVNM Position:
Support
Year:
2006
Sponsors:
Mary Kay Papen
Ben Lujan
Topics:
Land
Legislative Info:
SB 495 on nmlegis.gov »

Description

SB495 and its companion HB462 authorize the establishment of tax-increment financing (TIF) districts to promote revitalization and redevelopment. This innovative mechanism allows local governments to bond for up-front cash to invest in redevelopment efforts, and then service the bonds using the increased property tax revenue that results from the project.

Outcome

SB 495 passed both chambers and was signed by the Governor. HB 462 died in the Senate;


How Legislators Voted on SB 495


  • = Pro Conservation Vote
  • = Anti Conservation Vote
  • A = Absent
  • E = Excused
  • R = Recused
  • W = Abstain
Legislator Party District Office Conservation
Vote
Year
Adair, Rod (R) R 33 Senator 2006
Altamirano, Ben (D) D 28 Senator E 2006
Asbill, Vernon (R) R 34 Senator 2006
Beffort, Sue Wilson (R) R 19 Senator 2006
Boitano, Mark (R) R 18 Senator 2006
Campos, Pete  (D) D 8 Senator 2006
Carraro, Joseph (R) R 23 Senator E 2006
Cisneros, Carlos R. (D) D 6 Senator E 2006
Cravens, Kent (R) R 21 Senator 2006
Duran, Dianna (R) R 40 Senator 2006
Feldman, Dede (D) D 13 Senator 2006
Fidel, Joseph (D) D 30 Senator 2006
Garcia, Mary Jane (D) D 36 Senator E 2006
Griego, Phil A. (D) D 39 Senator E 2006
Grubesic, John (D) D 25 Senator 2006
Harden, Clinton (R) R 7 Senator 2006
Ingle, Stuart  (R) R 27 Senator 2006
Jennings, Timothy (D) D 32 Senator 2006
Kernan, Gay G. (R) R 42 Senator 2006
Komadina, Steve (R) R 9 Senator 2006
Leavell, Carroll H. (R) R 41 Senator 2006
Lopez, Linda M. (D) D 11 Senator 2006
Martinez, Richard C. (D) D 5 Senator 2006
McSorley, Cisco (D) D 16 Senator 2006
Nava, Cynthia (D) D 31 Senator 2006
Neville, Steven P. (R) R 2 Senator 2006
Ortiz y Pino, Gerald  (D) D 12 Senator 2006
Papen, Mary Kay (D) D 38 Senator 2006
Payne, William H. (R) R 20 Senator E 2006
Pinto, John (D) D 3 Senator 2006
Rainaldi, Lidio (D) D 4 Senator 2006
Rawson, Leonard "Lee" (R) R 37 Senator 2006
Robinson, Shannon (D) D 17 Senator 2006
Rodriguez, Nancy  (D) D 24 Senator E 2006
Ryan, John (R) R 10 Senator 2006
Sanchez, Bernadette (D) D 26 Senator 2006
Sanchez, Michael (D) D 29 Senator 2006
Sharer, William E. (R) R 1 Senator 2006
Smith, John Arthur (D) D 35 Senator 2006
Snyder, H. Diane (R) R 15 Senator 2006
Taylor, James (D) D 14 Senator 2006
Tsosie, Leonard (D) D 22 Senator 2006