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The Senate bill would provide $1 billion in household relief with one-time exemption payments to approximately 875,000 New Mexico taxpayers.
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$750 for single taxpayers and $1,500 for joint filers, could be distributed to them this summer.
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As prices remain high nationwide, these rebate payments will help thousands of families across the state.
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The state of New Mexico is still offering a tax exemption of up to $500 to those who have not filed a 2021 New Mexico individual income tax return.
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According to the New Mexico Tax and Revenue Department, this exemption must not be claimed as a dependent on another person's tax return.
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