HAPPENING NOW: HB 291, NM Tax Changes, is up for debate. We just heard from @JasonHarperNM, questioning the sponsor. He outlined several issues and pointed out that these proposed changes will burden NM small businesses already struggling. #nmpol #nmleg sg001-harmony.sliq.net/00293/Harmony/…
HB 291, NM Tax Changes, sponsor now talking about economic fallout one year ago with COVID. Democrats spent down reserves and the $2 billion surpluses before the crisis. House GOP called for responsible spending and shoring up reserves for two years before crisis. #nmpol #nmleg
Rep. Small lamenting the special session in June 2020, when lawmakers were forced to return to balance Democrats overspent budget for NM government. #nmpol #nmleg
WATCH LIVE: Rep. Larry Scott presents floor sub for HB 291, NM Tax changes. This amendment keeps a lot of HB291, and proposes readjusting several tax changes so taxes already passed by the House can balance the budget, and basically zero out the tax increases proposed by Dems.
Rep. Scott points out that these changes to renewables taxes would be beneficial to NM because these renewable projects generally do not power NM. This 1% tax would be paid for by the out-of-state customers that NM is selling our renewable energy to. #nmpol #nmleg
HB291, NM Tax Changes, sponsor is concerned that this would scare off renewable energy companies from investing in NM economy. Rep. Scott responds this is a revenue stream that will help support NM's economy. #nmpol #nmleg
Rep. Scott: Soon we will only have wind and solar to tax. When will we start? Will it be too late? We must start this new energy economy today. #nmpol #nmleg
Rep. Scott: Let's not tax our citizens. It is time to tax the new energy economy to support working families. #nmpol #nmleg
Hardworking New Mexicans have seen too many tax increases in the past few years. The COVID crisis is a great opportunity to build a new energy economy, especially because rate payers in NM will not carry the cost due to renewable energy being sent out of state. #nmpol #nmleg
Rep. Scott affirms that there are no changes to the Working Families tax credit in this floor sub for HB291.
Only substantial issue that sponsor for HB291 can find is that LFC did not provide a fiscal impact report. After many questions about Working Families tax credit, Rep. Scott affirmed that his floor substitute does not change that part of HB291. #nmpol #nmleg
HAPPENING NOW: @LeaderTownsend is questiong Rep. Scott about New Mexicans subsidizing renewable energy, and why we need to start today in building a new energy economy for all New Mexicans. Renewables are heavily subsidized and power other state's communities, not NM.
NM is moving towards totally depending on renewables, with no plan to replace the revenue from oil and gas (which Dems want to completely shutter). #nmpol #nmleg
.@leadertownsend: Putting the tax burden on hardworking New Mexicans, while providing #corporatewelfare, as this body is trying to do this session is wrong.
.@LeaderTownsend this floor sub for HB291 is fair to New Mexico. It doesn't make a difference what side of the aisle you are on, we must protect New Mexicans and our economy. #nmpol #nmleg
Democrats seem fearful of taxing renewable corporations in questioning Rep. Scott on his floor sub for HB291. Currently, New Mexicans are footing the bill for these projects that do not even power our communities. #nmpol #nmleg
Motion made to table Rep. Scott's commonsense amendment for HB291.
Floor sub to build a #newenergyeconomy for NM is defeated. 
HB291 final vote
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