BILL WOULD LOWER OLD AGE TAX

NEW MEXICANS 100 YEARS OF AGE OR OVER DON'T HAVE TO PAY STATE TAXES. NOW SENATOR LEE COTTER OF LAS CRUCES WANTS TO LOWER THE AGE TO 97. WHY 97? HE SAYS HE HAS TO WEIGH THE COST OF THE PLAN AGAINST THE NEED FOR A STATE BUDGET. COTTER TELLS US THOSE WHO REACH THEIR LATE 90'S HAVE CONTRIBUTED A GREAT DEAL OVER THE COURSE OF THEIR LIVES.

 

HE SAYS SENATE BILL 200 WOULD AFFECT AROUND 250 STATE RESIDENTS, SAVING EACH OF THEM AROUND 15-HUNDRED DOLLARS A YEAR.