Revenue Stabilization and Tax Policy Committee Endorses State Graduate Employment Credit

It took less than 30 sec­onds this morn­ing for the Rev­enue Sta­bi­liza­tion and Tax Pol­icy com­mit­tee of the Leg­is­la­ture to endorse the State Grad­u­ate Employ­ment Tax Credit bill that will be intro­duced this com­ing session. 

That’s the bill being spear­headed by UNM’s Grad­u­ate and Pro­fes­sional Stu­dents Asso­ci­a­tion and mir­rors leg­is­la­tion that came close to pas­sage last session. 

Briefly, a $5,000 tax credit would go to NM busi­nesses that employ grad­u­ates from NM insti­tu­tions who have earned mas­ters or Ph.D degrees in the fields of sci­ence, tech­nol­ogy, engi­neer­ing, health care and mathematics.

The bill was pre­vi­ously endorsed by the Sci­ence, Tech­nol­ogy and Telecom­mu­ni­ca­tions com­mit­tee.  It’s being spon­sored by Sen. Tim Keller.

Interim com­mit­tees meet through next week.

By Susan McK­in­sey, UNM Gov­ern­ment Relations