NEW MEXICO SENIOR CITIZENS CURRENTLY PAY TAXES ON THEIR SOCIAL SECURITY EARNINGS. STATE REP GAIL ARMSTRONG WANTS TO CHANGE THAT. HOUSE BILL 477 WOULD LET SENIORS CLAIM UP TO 24-THOUSAND DOLLARS IN SOCIAL SECURITY EARNINGS WITHOUT HAVING TO PAY STATE TAXES ON THAT MONEY.
ARMSTRONG SAYS HER BILL HAS NOT YET BEEN SCHEDULED FOR A HEARING, BUT SHE SAYS, IT IS SIMPLY BECAUSE OF THE LARGE NUMBER OF BILLS THAT HAVE BEEN INTRODUCED. SHE SAYS A LOT OF BILLS ARE NOW BACKED UP AT THE LEGISLATURE.
SHE SAYS NEW MEXICO IS ONE OF 13 ONLY STATES THAT TAX SENIOR CITIZEN’S SOCIAL SECURITY.
