New Mexico Gov. Michelle Lujan Grisham signed a legislative bill delivering relief checks household support to New Mexicans to offset steep prices for fuel and raging inflation. Earlier, a $698 million proposal to issue a hefty new round of tax rebates and cash payments won bipartisan approval in a special session of the state legislature.
Over 1.1 million New Mexicans will receive three rebate payments, each arriving in June, July and August. The July rebate payment — $500 for married couples and $250 for single filers — is available only for those under certain income limits, specifically $150,000 for joint returns and $75,000 for single filers.
Gov. Michelle Lujan Grisham said in a statement:
Today I am glad to enact legislation easing the burden of high national prices, putting money in New Mexicans’ pockets and protecting their paychecks. I thank the Legislature for acting quickly and answering my call to deliver economic relief to New Mexicans, building on the half a billion dollars in tax relief that we enacted earlier this year to deliver up to $1,500 in household relief to over a million New Mexicans.
New Mexico state government is enjoying a financial windfall due to record oil production in the Permian Basin and recorded a budget surplus of $1.6 billion last year.
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