Business

Business brief: New Mexico state legislation affecting businesses

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State lawmakers will consider a plethora of House Bills affecting businesses in one way or another. Here's a look at a few that have been introduced so far.

At least two making their way through committee would increase the minimum wage. The state minimum wage is $7.50 an hour. HB 31 would phase in an increase in the statewide minimum to $10 in 2020, $11 in 2021 and $12 in 2022.

HB 46 skips the phase-in and takes the minimum wage to $15 on Jan. 1, 2020. Both bills allow for annual adjustment based on an increase in consumer price index.

HB 155 would allow both the town and county to charge a higher gross receipts tax on infrastructure and development projects. Towns under the bill could increase infrastructure sales taxes from 1/4 percent to 3/4 percent. Counties could increase infrastructure gross receipts taxes by 0.5 percent up to 5/8 percent.

HB 184 would give businesses registered with Workforce Solutions as an apprenticeship program a tax break of between $1,000 and $2,000 a year per apprentice.

HB 196 would expand the period of leave and protections for pregnant workers.

Most of the bills have companion pieces of legislation in the Senate.

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