February 20, 2020

Senate sends EV tax credit back to House

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The Senate passed a second bill that would create a tax credit for electric vehicles late Wednesday evening, after passing a similar Senate bill one day earlier.

On Tuesday, the Senate passed SB 2, sponsored by Pat Woods, R-Broadview, and Bill Tallman, D-Albuquerque, by a narrow vote of 19-18. The Senate then passed HB 217, sponsored by Mesilla Democratic Rep. Micaela Lara Cadena and Santa Fe Democratic Rep. Jim Trujillo, by a vote of 23-13, late Wednesday night.

RELATED: Senate version of electric vehicle tax credit passes floor by one vote

“This bill is almost a mirror bill to SB 2,” Woods said. “The only difference between this bill and the electric vehicle income tax credit bill that I passed earlier was that this bill requires you to be a resident of the state of New Mexico before you receive a tax credit.”

“This bill was amended in Senate Finance [Committee] to mirror my bill,” Woods added.

That means HB 217 will head back to the House in the remaining hours of the session for a concurrence. The legislative session ends at noon Thursday.