This year, lawmakers amended the law to curb the use of step therapy, especially when it comes to drugs to treat autoimmune disorders and cancer. (Photo via Getty Images)
The new year will see the start of state laws in New Mexico that will lower personal income taxes and make it easier to get certain medications. One new law will make it harder for some people to get food benefits.
All of the newly enacted laws detailed below take effect on Jan. 1. Here’s what you need to know, as organized by the state agency responsible for carrying them out.
Taxation and Revenue Department
The state tax code amended by House Bill 252 earlier this year will reduce the amount of taxes everyone pays, “but especially for those at the low- and middle-income levels,” said Charlie Moore, a spokesperson for the Taxation and Revenue Department.
“It is the first major adjustment of brackets since 2005, meaning many taxpayers have moved into higher brackets as their income increased and due to inflation over the years,” Moore said.