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we will

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we'll get this party started how

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about that

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good morning ladies and

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gentlemen and thank you for

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coming back today two of our

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revenue stabilization and tax

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policy interim committee

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appreciate the discussions that

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we had yesterday and as was

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discussed day one in in our

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meetings for this interim

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session day one will begin with

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kind of giving a background on

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the foundation for those

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discussions that we will have on

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day two which for the most part

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day twos will be the

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presentation of pieces of

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legislation proposed legislation

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by their spon

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s or s for the upcoming

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legislative session and so this

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is being done on the front

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and and and I just had a

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conversation withristina but

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iss is it easier this way

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nothing's ever easy in their

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world and they get that get that

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we're we're gonna go to oh

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a little bit of feedback you

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know we're we're gonna try to to

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help them out the the best way

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that we can and so with them

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drafting the bills upfront with

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with them by providing all of

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the context to the pieces of

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legislation hopefully during the

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session they won't be under the

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gun as much and and if they have

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to work on amendments that may

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be a little bit easier for them

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to do rather than presenting and

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creating a brand new bill

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during any one day or one

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week during the session so that

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being said I wanna again once

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again reiterate

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that this process again is one

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that that with all intent

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and purpose is done we're trying

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to create transparency and and

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provide an opportunity for all

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of us to begin to ask those

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real

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intriguing questions, difficult

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questions in many parts but at

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the end of the day of the end of

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the day of the day All right.

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got the remix this morning

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OK we the remix happening it's

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not intended to stifle

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yeah the DJ and that's right

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that'serrek DJy

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again it's not intended to

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stifle the process that we

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normally have in any one session

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this is simply meant to provide

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it an opportunity for all of us

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to begin to ask those questions

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and any one piece of legislation

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will not be endorsed here in

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this in this

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interim session but rather it

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will go through the these normal

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process but really at the end of

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the day for those that have a

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cost associated to the tax

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policy presented it will begin a

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process for for us to then begin

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to create a a budgetary ask from

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the legislative finance

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committeetee for the upcoming

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session so that we can then

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go into a session with some type

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of

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budget for a tax package

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rather than trying to work

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backwards and create a a a

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budget capacity during the

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session itself and with that

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being said, I also want to

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include that I would hope

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that that you provide

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opportunities to work well with

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our staff you know they they

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they work really hard for all of

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us and so for those of you

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that are having bills drafted or

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or that want to get on our

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agenda please do so and and

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and I know we do this anyways

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but in the in

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the most respectful way and I

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would also extend that to to

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those lobbyists that are working

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on behalf of their clients that

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when they're talking to or

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working with our staff or with

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any one of our legislators do so

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with respect because at

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the end of the day we're trying

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to make sure that that we are

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working as best as possible and

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and when we were met with

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with some friction it's not

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always the best and so I would

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ask the especially those

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lobbyists that are working on

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behalf of some of their clients

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to do so and in a respectful way

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and so with that being said we

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will begin our our morning

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session with

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senator Bobby Gonzalez. he has a

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couple of pieces of legislation

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that he wants to get in front of

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us on the front end and

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uhenator Gonzalez thank you for

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being here with us this morning

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and thank you for bringing the

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rain from Taos and we will begin

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with your first bill which is

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amending motor vehiclecle excise

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tax distributions and again

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senator we did have a discussion

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on with the DOT yesterday and

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we learned a little bit or a lot

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of bit about taxes and how

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they work and so this will be

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very much germane to the

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discussions

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and its continuation from

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yesterday so senator

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the senator the floor is yours

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sir.

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thank you Mr Chairman and

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members of the committee

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first of all

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just want to tell you

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it was very rewarding in many

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parts of the state yesterday

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seeing that rain and the most

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rewarding was seeing children

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playing outside on the rain they

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didn't want to go inside it felt

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good so that's a a good part

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for New Mexico the other part

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is on the first six years

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that I was elected to the house

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of Representatives I was on this

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this committee

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and so to me it's very

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special you know and

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and in those days and working

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with the the many issues and it

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continues and I know how hard it

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is and the planning that goes

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with it and that what it does to

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our state you know this is where

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it really comes you know it with

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a tax part

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and with a motor vehicle excise

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tax and the other piece of

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legislation that I have

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first of all is

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this is not about a democrat or

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Republican. it's about doing

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what's responsible.

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as legislators to our state and

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this is one department that

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really struggles into to

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recently that there's been some

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appropriations that have been

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made to the department that this

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department has to generate their

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own funding they're not

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connected to the general fund

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and it's it's been hard and

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also as we go through the

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presentation that

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the cost of doing business

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especially with

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the kind of work that has to be

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done with construction bridges

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and everything that goes with

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legal part and Eastman's and

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everything with the department

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everything has really escalated

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and today's presentation I hope

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I can give you that view of

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where we are because we haven't

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changed that part is the base of

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what generates the funding to

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this department

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and so with that sure I'll go

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ahead and start with a motor

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vehicle excise tax

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this bill does not raise a

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tax.

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it does not change the rate it

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does not change what is what is

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tax

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no one in New Mexico pays one

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cent more. He changes one thing

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where the money goes.

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and where the money goes now

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when you buy a car you pay the

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for

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this4cent tax of every dollar we

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collect59 cents goes to the

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general fund 22 cents goes to

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the road fund19 cents goes to

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the local project fund.

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and most of the car tax does not

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go to the roads.

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what the bill does is it flips

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the shares of or of every dollar

229
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65 cents goes to the roads.

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25 cents goes to the local

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project fund and10 sons stays in

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the general fund.

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that moves about159 million a

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year to the roads.

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the change starts July1st of

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2027.

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why it makes sense

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you pay this tax when you buy a

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car.

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a car needs a road

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and it should be when you buy a

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vehicle

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the tax should should pay for

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the things it does it does tie

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to right now it does not.

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This fixes that

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The need is real. The department

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thinks that we have

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75 billion in road work needs

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and we're only chipping away at

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that with the current

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distribution

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also

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or reference to to that7.5

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billion, the trip report shows

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very similar to the same needs

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of the state

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then no this past year

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we all know that we did pass

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that bond that is at1.5.

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and that is grateful that is

262
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good but you know it doesn't do

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what we actually need to be at

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or where we should be at but

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it's a it's a good part to to

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add to the department.

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in 2021 95 of every100 miles of

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our state noninterstate miles or

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in fair shape or better

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today it is about70

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of those

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100 are going the wrong way.

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This bill helps your towns, your

274
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counties $1 in4 goes to

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transportation project fun.

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the fund makes grants

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to counties to cities and to

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tribes.

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the state pays up to 95 cents

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of each dollar

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or place in need and the state

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pays it all.

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this is about 20 million more a

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year for local roads.

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and at this part of

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Mister Chairman and members I

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would yield to if there's any

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comments there is any questions

289
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to this proposed legislation and

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also

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00:10:07,155 --> 00:10:07,405
does your

292
00:10:09,390 --> 00:10:09,640
do you wish to make any further

293
00:10:10,024 --> 00:10:10,274
comments sir?

294
00:10:16,464 --> 00:10:16,714
m chairman and members of the

295
00:10:19,200 --> 00:10:19,450
committee I'mlin Turner I'm

296
00:10:23,004 --> 00:10:23,254
your body as a whole

297
00:10:26,474 --> 00:10:26,724
economist so I'm not here to

298
00:10:28,476 --> 00:10:28,726
support the bill or to oppose

299
00:10:30,745 --> 00:10:30,995
the bill but to either your

300
00:10:32,547 --> 00:10:32,797
chagrin or for your hopefully

301
00:10:33,181 --> 00:10:33,431
durable

302
00:10:40,721 --> 00:10:40,971
Reference I I serve the body so

303
00:10:41,389 --> 00:10:41,639
if you have any questions I'm

304
00:10:42,056 --> 00:10:42,306
here for that

305
00:10:44,692 --> 00:10:44,942
great thank you and also for the

306
00:10:46,661 --> 00:10:46,911
reverence of the committee right

307
00:10:48,463 --> 00:10:48,713
in the back of the proposed

308
00:10:49,430 --> 00:10:49,680
legislation is the is the

309
00:10:52,467 --> 00:10:52,717
analysis of the bill itself so

310
00:10:53,234 --> 00:10:53,484
for your reference it's right in

311
00:10:55,236 --> 00:10:55,486
the back of the bill and so with

312
00:10:56,971 --> 00:10:57,221
that being said we we'll open it

313
00:10:58,940 --> 00:10:59,190
up for some some questions and

314
00:11:00,975 --> 00:11:01,225
comments from the committee

315
00:11:02,710 --> 00:11:02,960
again stemming from the

316
00:11:04,479 --> 00:11:04,729
presentation made by the senator

317
00:11:05,279 --> 00:11:05,529
and also maybe even some of

318
00:11:06,714 --> 00:11:06,964
those questions that were

319
00:11:08,683 --> 00:11:08,933
proposed yesterday and some of

320
00:11:10,451 --> 00:11:10,701
the questions that were asked to

321
00:11:11,219 --> 00:11:11,469
the department itself when they

322
00:11:11,886 --> 00:11:12,136
were here presenting to

323
00:11:14,956 --> 00:11:15,206
us so that being said any

324
00:11:16,691 --> 00:11:16,941
questions or comments for the

325
00:11:18,459 --> 00:11:18,709
senator related to this

326
00:11:19,227 --> 00:11:19,477
amendment of the motorecle

327
00:11:19,794 --> 00:11:20,044
excise tax distribution.

328
00:11:22,530 --> 00:11:22,780
look it on the table

329
00:11:25,133 --> 00:11:25,383
Representative Gallegos

330
00:11:30,705 --> 00:11:30,955
thank you and and thank you

331
00:11:32,440 --> 00:11:32,690
senator for bringing this legis

332
00:11:34,709 --> 00:11:34,959
proposed legislation to you

333
00:11:35,343 --> 00:11:35,593
know you said it at the

334
00:11:36,978 --> 00:11:37,228
beginning of your presentation

335
00:11:38,780 --> 00:11:39,030
this is not a text. could you

336
00:11:39,447 --> 00:11:39,697
explain some of that explain

337
00:11:40,014 --> 00:11:40,264
that?

338
00:11:42,950 --> 00:11:43,200
very well

339
00:11:46,988 --> 00:11:47,238
this bill does not

340
00:11:49,323 --> 00:11:49,573
does not race attacks

341
00:11:53,227 --> 00:11:53,477
so it's what's current right now

342
00:11:55,229 --> 00:11:55,479
it's just the distribution how

343
00:11:58,466 --> 00:11:58,716
it's being set up today you know

344
00:12:00,635 --> 00:12:00,885
where the funding has been going

345
00:12:01,302 --> 00:12:01,552
the last few years.

346
00:12:03,337 --> 00:12:03,587
and the change would be on the

347
00:12:04,005 --> 00:12:04,255
distribution.

348
00:12:08,676 --> 00:12:08,926
and Misterir and senator I

349
00:12:09,243 --> 00:12:09,493
appreciate that because

350
00:12:11,412 --> 00:12:11,662
yesterday when the the roads

351
00:12:14,449 --> 00:12:14,699
department or DOT came to

352
00:12:16,784 --> 00:12:17,034
present they were really

353
00:12:18,719 --> 00:12:18,969
clear on that and they showed

354
00:12:19,320 --> 00:12:19,570
the different ways that the

355
00:12:22,423 --> 00:12:22,673
money can be spent and once I

356
00:12:24,492 --> 00:12:24,742
heard that I had a much

357
00:12:26,928 --> 00:12:27,178
different perception of of the

358
00:12:29,197 --> 00:12:29,447
bill than I did when I first

359
00:12:30,698 --> 00:12:30,948
read it on the agenda cause I

360
00:12:32,467 --> 00:12:32,717
thought you know when you first

361
00:12:33,167 --> 00:12:33,417
read it on the agenda, it looks

362
00:12:34,902 --> 00:12:35,152
like we're raising a tax and so

363
00:12:35,570 --> 00:12:35,820
just some feedb

364
00:12:38,439 --> 00:12:38,689
ack for you to to have to make

365
00:12:40,675 --> 00:12:40,925
sure that people understand

366
00:12:42,477 --> 00:12:42,727
what what you're trying to do, I

367
00:12:44,479 --> 00:12:44,729
I think especially in a time

368
00:12:46,748 --> 00:12:46,998
when people are worried about

369
00:12:48,683 --> 00:12:48,933
how much we're spending on gas

370
00:12:50,952 --> 00:12:51,202
how much we're spending on cars

371
00:12:52,920 --> 00:12:53,170
just the inflation overall

372
00:12:54,689 --> 00:12:54,939
going up that I think we need to

373
00:12:55,356 --> 00:12:55,606
be real clear on that Mr

374
00:12:55,890 --> 00:12:56,140
chairir.

375
00:13:00,695 --> 00:13:00,945
when will take representative

376
00:13:02,663 --> 00:13:02,913
any comment to that if not no no

377
00:13:04,699 --> 00:13:04,949
worries the only part Mr

378
00:13:06,701 --> 00:13:06,951
Chairman and to the members is

379
00:13:08,669 --> 00:13:08,919
I can't recall I should have

380
00:13:09,337 --> 00:13:09,587
looked at that part

381
00:13:12,540 --> 00:13:12,790
at one point it did come to the

382
00:13:13,174 --> 00:13:13,424
department.

383
00:13:14,976 --> 00:13:15,226
and then it was during those

384
00:13:17,445 --> 00:13:17,695
times when general fund when

385
00:13:19,380 --> 00:13:19,630
the lean years that the

386
00:13:19,914 --> 00:13:20,164
change was made

387
00:13:23,184 --> 00:13:23,434
but at one point or several

388
00:13:26,521 --> 00:13:26,771
times it is where it used to

389
00:13:27,155 --> 00:13:27,405
flow to the department

390
00:13:33,294 --> 00:13:33,544
Very well thank you any other

391
00:13:34,862 --> 00:13:35,112
questions or comments related to

392
00:13:35,496 --> 00:13:35,746
this issue from the committee.

393
00:13:39,033 --> 00:13:39,283
if not I I have a couple of my

394
00:13:40,735 --> 00:13:40,985
own senator if you if you don't

395
00:13:42,703 --> 00:13:42,953
mind and I appreciate the

396
00:13:43,504 --> 00:13:43,754
distinction that the

397
00:13:44,472 --> 00:13:44,722
representative was trying to

398
00:13:46,474 --> 00:13:46,724
make with you in regards to how

399
00:13:48,476 --> 00:13:48,726
this is communicated I guess for

400
00:13:49,210 --> 00:13:49,460
for the broader public that may

401
00:13:51,045 --> 00:13:51,295
be listening at home and may

402
00:13:52,747 --> 00:13:52,997
look at this and say well geez

403
00:13:54,715 --> 00:13:54,965
tax distribution tax tax tax

404
00:13:55,349 --> 00:13:55,599
what does that mean are we gonna

405
00:13:56,784 --> 00:13:57,034
are we gonna see an increase and

406
00:13:58,486 --> 00:13:58,736
I think it it it is well stated

407
00:14:00,488 --> 00:14:00,738
and and well taken at least by

408
00:14:02,490 --> 00:14:02,740
me and understanding that

409
00:14:03,291 --> 00:14:03,541
again referencing that this is

410
00:14:05,059 --> 00:14:05,309
not a new tax right we're not

411
00:14:05,693 --> 00:14:05,943
trying to impose a new tax

412
00:14:08,729 --> 00:14:08,979
it's just simple a a a

413
00:14:10,698 --> 00:14:10,948
reformulation if you will of how

414
00:14:13,301 --> 00:14:13,551
the current system and how those

415
00:14:14,735 --> 00:14:14,985
monies are distributed and to

416
00:14:16,471 --> 00:14:16,721
where right because yesterday

417
00:14:18,473 --> 00:14:18,723
in in the session that we had

418
00:14:19,107 --> 00:14:19,357
with the department of

419
00:14:21,275 --> 00:14:21,525
transportation they made it

420
00:14:23,244 --> 00:14:23,494
clear that the general fund

421
00:14:25,246 --> 00:14:25,496
receives a bulk of this money at

422
00:14:26,481 --> 00:14:26,731
this point is that correct

423
00:14:27,048 --> 00:14:27,298
senator?

424
00:14:30,485 --> 00:14:30,735
oh Mr Chairman that is correct.

425
00:14:32,453 --> 00:14:32,703
OK and and and saying that's

426
00:14:33,287 --> 00:14:33,537
correct then we want to make

427
00:14:36,457 --> 00:14:36,707
sure that if we're if we're if

428
00:14:38,459 --> 00:14:38,709
the intent is to help the roads

429
00:14:40,461 --> 00:14:40,711
and to help transportation then

430
00:14:41,262 --> 00:14:41,512
understanding that based on

431
00:14:42,997 --> 00:14:43,247
the conversation yesterday that

432
00:14:46,467 --> 00:14:46,717
the general fund today is is is

433
00:14:47,268 --> 00:14:47,518
doing well that the state is

434
00:14:48,736 --> 00:14:48,986
doing well the general fund is

435
00:14:49,370 --> 00:14:49,620
receiving the money that it

436
00:14:51,239 --> 00:14:51,489
should and appropriately from

437
00:14:52,740 --> 00:14:52,990
the other sources that it hasn

438
00:14:54,475 --> 00:14:54,725
and so if we can then

439
00:14:56,477 --> 00:14:56,727
redistribute this money that

440
00:14:57,111 --> 00:14:57,361
once went to their to the road

441
00:14:57,779 --> 00:14:58,029
fund

442
00:14:59,280 --> 00:14:59,530
it would help the department

443
00:15:01,249 --> 00:15:01,499
immensely for the projects that

444
00:15:02,984 --> 00:15:03,234
they have and so that being said

445
00:15:04,986 --> 00:15:05,236
I can appreciate where you're

446
00:15:06,454 --> 00:15:06,704
going with this and I think this

447
00:15:07,188 --> 00:15:07,438
is a discussion that we had and

448
00:15:10,458 --> 00:15:10,708
we well embraced as a

449
00:15:12,460 --> 00:15:12,710
committee yesterday that we

450
00:15:13,094 --> 00:15:13,344
understand that we want to make

451
00:15:14,495 --> 00:15:14,745
sure that we are helping the

452
00:15:15,296 --> 00:15:15,546
department knowing that they are

453
00:15:17,265 --> 00:15:17,515
self funded primarily as a

454
00:15:19,233 --> 00:15:19,483
department themselves a

455
00:15:21,269 --> 00:15:21,519
follow up question to that rep

456
00:15:22,570 --> 00:15:22,820
senator excuse me is that

457
00:15:26,707 --> 00:15:26,957
is there a road condition or a

458
00:15:29,210 --> 00:15:29,460
project target once reached that

459
00:15:32,713 --> 00:15:32,963
would indicate the transfer as

460
00:15:33,381 --> 00:15:33,631
this as this bill is presented

461
00:15:35,083 --> 00:15:35,333
has done its work

462
00:15:43,224 --> 00:15:43,474
Mr Chairman no maybe someone

463
00:15:44,959 --> 00:15:45,209
from the department might be

464
00:15:45,560 --> 00:15:45,810
able to address that

465
00:15:48,496 --> 00:15:48,746
we have anyone from the

466
00:15:49,030 --> 00:15:49,280
department

467
00:15:54,469 --> 00:15:54,719
not I I I think maybe it it's

468
00:15:55,236 --> 00:15:55,486
definitely a technical question

469
00:15:57,472 --> 00:15:57,722
because at this point re

470
00:15:58,773 --> 00:15:59,023
recognizing the department is

471
00:16:00,775 --> 00:16:01,025
huge there's thousands of miles

472
00:16:02,743 --> 00:16:02,993
of roadway that they maintain in

473
00:16:04,479 --> 00:16:04,729
our state, I I think that the

474
00:16:06,481 --> 00:16:06,731
point I was trying to make and

475
00:16:07,081 --> 00:16:07,331
the question that was posed to

476
00:16:09,016 --> 00:16:09,266
you was that if if there's a

477
00:16:09,617 --> 00:16:09,867
target if there's a stretch of

478
00:16:10,985 --> 00:16:11,235
road if there's a a large

479
00:16:12,754 --> 00:16:13,004
project and I'll take one that's

480
00:16:13,454 --> 00:16:13,704
on top of my head right now and

481
00:16:14,722 --> 00:16:14,972
that's in the city of

482
00:16:16,491 --> 00:16:16,741
Albuquerque and that's that

483
00:16:17,058 --> 00:16:17,308
stretch right there

484
00:16:20,962 --> 00:16:21,212
what is it uhtmontgomery right

485
00:16:23,030 --> 00:16:23,280
on I-25 on Montgomery that big

486
00:16:23,698 --> 00:16:23,948
project right and that's that

487
00:16:24,365 --> 00:16:24,615
that

488
00:16:27,001 --> 00:16:27,251
had to have taken a chunk of of

489
00:16:28,503 --> 00:16:28,753
monies's from the department to

490
00:16:29,303 --> 00:16:29,553
make sure that that was done in

491
00:16:30,738 --> 00:16:30,988
a timely and efficient manner,

492
00:16:32,740 --> 00:16:32,990
right and so if there are

493
00:16:33,241 --> 00:16:33,491
projects like that across the

494
00:16:34,976 --> 00:16:35,226
state if we can begin to

495
00:16:37,211 --> 00:16:37,461
redirect monies this way with

496
00:16:38,713 --> 00:16:38,963
the intent that we can get

497
00:16:39,547 --> 00:16:39,797
larger projects like that done

498
00:16:41,015 --> 00:16:41,265
all across our state right in

499
00:16:42,483 --> 00:16:42,733
the rural parts of our state

500
00:16:43,050 --> 00:16:43,300
that we know where there are

501
00:16:44,752 --> 00:16:45,002
roads that are crumbling at this

502
00:16:46,721 --> 00:16:46,971
point if we can address those

503
00:16:48,756 --> 00:16:49,006
then that's a huge win for our

504
00:16:49,524 --> 00:16:49,774
state and so I I wanna to make

505
00:16:50,191 --> 00:16:50,441
sure that

506
00:16:52,827 --> 00:16:53,077
we can impress upon that through

507
00:16:54,462 --> 00:16:54,712
this piece of legislation that

508
00:16:55,229 --> 00:16:55,479
those are the types of of

509
00:16:57,231 --> 00:16:57,481
projects that we can help to

510
00:16:58,699 --> 00:16:58,949
effect and bring change to

511
00:16:59,267 --> 00:16:59,517
positively.

512
00:17:03,204 --> 00:17:03,454
Mister Chairman with that

513
00:17:05,206 --> 00:17:05,456
that project you know I don't

514
00:17:06,974 --> 00:17:07,224
know where they're at as far as

515
00:17:09,277 --> 00:17:09,527
the total amount but just to

516
00:17:11,245 --> 00:17:11,495
give you an example north of

517
00:17:13,247 --> 00:17:13,497
Espanola when they started with

518
00:17:16,751 --> 00:17:17,001
that that was the first was

519
00:17:19,220 --> 00:17:19,470
like at18 million and I think

520
00:17:20,988 --> 00:17:21,238
the project ended up at34

521
00:17:22,990 --> 00:17:23,240
million and and that's just what

522
00:17:24,992 --> 00:17:25,242
we have been seeing due to the

523
00:17:25,626 --> 00:17:25,876
many different

524
00:17:27,161 --> 00:17:27,411
oh

525
00:17:29,497 --> 00:17:29,747
variables that happened to to

526
00:17:30,164 --> 00:17:30,414
everyone

527
00:17:33,234 --> 00:17:33,484
within the especially the

528
00:17:35,403 --> 00:17:35,653
last57 years of high costs to

529
00:17:39,273 --> 00:17:39,523
to materials high cost to labor

530
00:17:39,941 --> 00:17:40,191
high cost to

531
00:17:42,977 --> 00:17:43,227
just doing

532
00:17:45,313 --> 00:17:45,563
any kind of construction work.

533
00:17:51,252 --> 00:17:51,502
understood ok those are my

534
00:17:52,487 --> 00:17:52,737
questions and if they didn't

535
00:17:54,455 --> 00:17:54,705
know no other questions from the

536
00:17:55,123 --> 00:17:55,373
committee.

537
00:17:56,524 --> 00:17:56,774
OK Senator Hamlint vice

538
00:17:57,058 --> 00:17:57,308
chairwomanhamlet

539
00:18:02,730 --> 00:18:02,980
Thank you Mr Chair and and

540
00:18:04,999 --> 00:18:05,249
senator mine isn't really a a

541
00:18:06,734 --> 00:18:06,984
question but more of a comment

542
00:18:07,368 --> 00:18:07,618
because I appreciate this you've

543
00:18:08,736 --> 00:18:08,986
been you've been really cha

544
00:18:10,938 --> 00:18:11,188
championing this for quite

545
00:18:11,506 --> 00:18:11,756
some time to

546
00:18:14,942 --> 00:18:15,192
really you know be kind of

547
00:18:16,477 --> 00:18:16,727
the leader in something that all

548
00:18:18,479 --> 00:18:18,729
of us are seeing in all of our

549
00:18:19,080 --> 00:18:19,330
communities in terms of roads

550
00:18:21,249 --> 00:18:21,499
being in disrepair and and being

551
00:18:22,717 --> 00:18:22,967
able to make sure that we fund

552
00:18:24,719 --> 00:18:24,969
that if we have this opportunity

553
00:18:26,687 --> 00:18:26,937
to do that I look forward to

554
00:18:28,990 --> 00:18:29,240
this discussion in during the

555
00:18:30,992 --> 00:18:31,242
legislative session because I

556
00:18:32,960 --> 00:18:33,210
think all of us can bring to the

557
00:18:35,229 --> 00:18:35,479
table stories of how there are

558
00:18:36,964 --> 00:18:37,214
roads in our communities that

559
00:18:38,733 --> 00:18:38,983
are in desperate need of repair

560
00:18:40,735 --> 00:18:40,985
and if this is a way to more

561
00:18:41,369 --> 00:18:41,619
efficiently get money to where

562
00:18:42,036 --> 00:18:42,286
those

563
00:18:45,440 --> 00:18:45,690
projects can can be repaired

564
00:18:46,707 --> 00:18:46,957
to where those roads can be

565
00:18:47,341 --> 00:18:47,591
repaired in our communities

566
00:18:49,010 --> 00:18:49,260
cannot have to worry about the

567
00:18:50,945 --> 00:18:51,195
wear and tear on their shocks

568
00:18:52,480 --> 00:18:52,730
and on their tires and the

569
00:18:54,449 --> 00:18:54,699
safety of their children then

570
00:18:55,216 --> 00:18:55,466
I think that this will be a good

571
00:18:56,684 --> 00:18:56,934
thing and I'm glad that you're

572
00:18:58,753 --> 00:18:59,003
bringing it here today so that

573
00:18:59,387 --> 00:18:59,637
we can kind of do a little

574
00:19:01,255 --> 00:19:01,505
workshop on this and and figure

575
00:19:02,723 --> 00:19:02,973
out what's the best way to

576
00:19:04,725 --> 00:19:04,975
target those messages so that we

577
00:19:05,426 --> 00:19:05,676
can get this past the finish

578
00:19:06,994 --> 00:19:07,244
line, so I appreciate that

579
00:19:08,729 --> 00:19:08,979
senator thank you so much thank

580
00:19:10,565 --> 00:19:10,815
you Mr chairir youceroman let's

581
00:19:11,232 --> 00:19:11,482
go topresentative Parahon.

582
00:19:14,469 --> 00:19:14,719
you and senator just a quick

583
00:19:18,473 --> 00:19:18,723
question senator it do you

584
00:19:20,708 --> 00:19:20,958
know why originally it was the

585
00:19:21,409 --> 00:19:21,659
fund was distributed the way

586
00:19:22,076 --> 00:19:22,326
that it was.

587
00:19:26,714 --> 00:19:26,964
you mean currently or you mean

588
00:19:29,250 --> 00:19:29,500
sorry, I mean

589
00:19:32,954 --> 00:19:33,204
yeah how it's currently being

590
00:19:34,489 --> 00:19:34,739
distributed versus your new

591
00:19:38,726 --> 00:19:38,976
proposal and maybe someone has

592
00:19:39,393 --> 00:19:39,643
the tenure with the department

593
00:19:41,262 --> 00:19:41,512
is so

594
00:19:45,466 --> 00:19:45,716
at one point this did flow to

595
00:19:46,134 --> 00:19:46,384
the department.

596
00:19:50,471 --> 00:19:50,721
and then it was those ears that

597
00:19:51,139 --> 00:19:51,389
we were very lean on budget.

598
00:19:54,742 --> 00:19:54,992
that probably this is not the

599
00:19:56,978 --> 00:19:57,228
only fund that was taken it was

600
00:19:59,313 --> 00:19:59,563
to transfer the funding to the

601
00:19:59,981 --> 00:20:00,231
general fund

602
00:20:04,485 --> 00:20:04,735
and then once it was placed

603
00:20:07,255 --> 00:20:07,505
there it hasn't gone back and

604
00:20:07,889 --> 00:20:08,139
that's

605
00:20:11,192 --> 00:20:11,442
you know should have done you

606
00:20:13,227 --> 00:20:13,477
know or maybe have had a a way

607
00:20:15,263 --> 00:20:15,513
of looking at that more like a

608
00:20:16,497 --> 00:20:16,747
sunset but it didn't happen

609
00:20:21,002 --> 00:20:21,252
ur n ed senator

610
00:20:23,237 --> 00:20:23,487
thank you any other questions or

611
00:20:24,972 --> 00:20:25,222
comments for the senator before

612
00:20:25,606 --> 00:20:25,856
Representative Duncan.

613
00:20:28,976 --> 00:20:29,226
thank you Mr chairir you know

614
00:20:30,745 --> 00:20:30,995
when we when we talk about this

615
00:20:32,480 --> 00:20:32,730
stuff any monies that we can get

616
00:20:33,214 --> 00:20:33,464
to the road department that just

617
00:20:34,982 --> 00:20:35,232
means more companies in Mexico

618
00:20:36,751 --> 00:20:37,001
are going to be working and I

619
00:20:37,518 --> 00:20:37,768
think that's an economic driver

620
00:20:38,753 --> 00:20:39,003
and and so I just wanted to

621
00:20:40,755 --> 00:20:41,005
state that it makes common sense

622
00:20:43,024 --> 00:20:43,274
to use any money or any tax that

623
00:20:45,026 --> 00:20:45,276
the state is taxing anything to

624
00:20:46,794 --> 00:20:47,044
do with automobiles to go back

625
00:20:48,463 --> 00:20:48,713
to the one thing that they and

626
00:20:49,130 --> 00:20:49,380
they have a common denominator

627
00:20:50,998 --> 00:20:51,248
and that's odes so thank you Mr

628
00:20:52,500 --> 00:20:52,750
chair thank you for the comments

629
00:20:53,201 --> 00:20:53,451
sir let's go topresentative

630
00:20:53,768 --> 00:20:54,018
Montoya.

631
00:20:56,904 --> 00:20:57,154
and thank you Mr chairir

632
00:20:58,973 --> 00:20:59,223
senator if we would we had a

633
00:21:00,675 --> 00:21:00,925
brief conversation about this

634
00:21:04,479 --> 00:21:04,729
yesterday in committee and

635
00:21:06,714 --> 00:21:06,964
I think it's pretty I think I

636
00:21:07,315 --> 00:21:07,565
think there's a lot of consensus

637
00:21:10,718 --> 00:21:10,968
this year that to finally get

638
00:21:11,452 --> 00:21:11,702
this across the finish line to

639
00:21:12,520 --> 00:21:12,770
to get the dollars back

640
00:21:16,491 --> 00:21:16,741
to where the dollars are

641
00:21:18,459 --> 00:21:18,709
supposed to be going anyway I

642
00:21:19,393 --> 00:21:19,643
I think it's really hard with

643
00:21:20,061 --> 00:21:20,311
the

644
00:21:24,465 --> 00:21:24,715
the year after year of you know

645
00:21:26,467 --> 00:21:26,717
record budgets that we've had to

646
00:21:27,101 --> 00:21:27,351
think that we need to keep on

647
00:21:30,471 --> 00:21:30,721
taking these dollars and putting

648
00:21:32,940 --> 00:21:33,190
them into the general fund when

649
00:21:35,243 --> 00:21:35,493
like you stated likely

650
00:21:36,711 --> 00:21:36,961
ended up there in the general

651
00:21:38,479 --> 00:21:38,729
funded lean years we haven't had

652
00:21:39,180 --> 00:21:39,430
lean years for a while but we

653
00:21:40,948 --> 00:21:41,198
are still not distributing those

654
00:21:42,683 --> 00:21:42,933
dollars to the to the road funds

655
00:21:44,952 --> 00:21:45,202
so look forward to to

656
00:21:46,721 --> 00:21:46,971
supporting this and and

657
00:21:47,288 --> 00:21:47,538
anything that you

658
00:21:50,458 --> 00:21:50,708
any help you need I think

659
00:21:51,092 --> 00:21:51,342
you're gonna get a lot of help

660
00:21:51,759 --> 00:21:52,009
from members on this committee.

661
00:21:56,464 --> 00:21:56,714
thank youpresentative. any other

662
00:21:57,098 --> 00:21:57,348
questions or comments from the

663
00:21:57,765 --> 00:21:58,015
committee

664
00:22:00,768 --> 00:22:01,018
as a reminder folks the

665
00:22:03,004 --> 00:22:03,254
analysis that are in the back of

666
00:22:05,006 --> 00:22:05,256
the pieces of proposed

667
00:22:06,474 --> 00:22:06,724
legislation again those are

668
00:22:07,074 --> 00:22:07,324
prepared by the legislative

669
00:22:08,709 --> 00:22:08,959
finance committeetee and our

670
00:22:10,978 --> 00:22:11,228
chief Ishmael is isiorres is

671
00:22:12,713 --> 00:22:12,963
more than willing to come up to

672
00:22:13,414 --> 00:22:13,664
the podium should we have any

673
00:22:14,082 --> 00:22:14,332
more

674
00:22:17,251 --> 00:22:17,501
financial detailed questions

675
00:22:18,753 --> 00:22:19,003
that we want to ask that maybe

676
00:22:20,721 --> 00:22:20,971
the sponsor can't can't answer

677
00:22:22,457 --> 00:22:22,707
and so that being said for also

678
00:22:23,224 --> 00:22:23,474
those people that are are

679
00:22:26,461 --> 00:22:26,711
listening at home these are

680
00:22:28,463 --> 00:22:28,713
all online and so the proposed

681
00:22:29,097 --> 00:22:29,347
legislation as well as the

682
00:22:30,998 --> 00:22:31,248
analysis are all online on the

683
00:22:33,000 --> 00:22:33,250
agenda so you just click it and

684
00:22:33,701 --> 00:22:33,951
it'll link it to everything

685
00:22:34,969 --> 00:22:35,219
that we're looking to here

686
00:22:36,737 --> 00:22:36,987
and you can have that imprinted

687
00:22:38,473 --> 00:22:38,723
at home as well and so that

688
00:22:39,240 --> 00:22:39,490
being said with no other

689
00:22:41,242 --> 00:22:41,492
further questions Senator we

690
00:22:43,211 --> 00:22:43,461
appreciate your presentation on

691
00:22:43,845 --> 00:22:44,095
that portion of

692
00:22:46,781 --> 00:22:47,031
of the proposed legislation that

693
00:22:47,515 --> 00:22:47,765
you have we can now skip to the

694
00:22:48,182 --> 00:22:48,432
next one.

695
00:22:50,485 --> 00:22:50,735
and so the next one is

696
00:22:50,952 --> 00:22:51,202
increasing

697
00:22:53,221 --> 00:22:53,471
the gasoline tax and special

698
00:22:55,156 --> 00:22:55,406
fuels excise tax discussion.

699
00:23:17,011 --> 00:23:17,261
Thank you all Mister Chairman.

700
00:23:19,680 --> 00:23:19,930
on this one

701
00:23:24,452 --> 00:23:24,702
I just want to mention again and

702
00:23:25,186 --> 00:23:25,436
as I mentioned at the beginning

703
00:23:28,990 --> 00:23:29,240
I think we really really need to

704
00:23:30,758 --> 00:23:31,008
look at this is not as I

705
00:23:32,693 --> 00:23:32,943
mentioned a Democratub it's a

706
00:23:36,497 --> 00:23:36,747
responsibility that we owe to

707
00:23:39,200 --> 00:23:39,450
why we're elected and this is

708
00:23:39,834 --> 00:23:40,084
one part that

709
00:23:44,472 --> 00:23:44,722
that is so important to our

710
00:23:45,173 --> 00:23:45,423
infrastructure to our business

711
00:23:48,476 --> 00:23:48,726
to our economic development but

712
00:23:50,978 --> 00:23:51,228
the part that also you know

713
00:23:52,713 --> 00:23:52,963
worries me a lot

714
00:23:53,147 --> 00:23:53,397
is so

715
00:23:54,982 --> 00:23:55,232
the more deficient

716
00:23:57,185 --> 00:23:57,435
and the more we have

717
00:24:00,755 --> 00:24:01,005
the more possibilities of

718
00:24:04,459 --> 00:24:04,709
liability to the state or having

719
00:24:05,493 --> 00:24:05,743
not the adequate bridges the

720
00:24:08,463 --> 00:24:08,713
adequate strife the adequate

721
00:24:11,165 --> 00:24:11,415
roads and also you know to our

722
00:24:13,434 --> 00:24:13,684
economic development that

723
00:24:14,001 --> 00:24:14,251
prohibits to

724
00:24:18,473 --> 00:24:18,723
be in a more positive to our

725
00:24:20,441 --> 00:24:20,691
state versus you know taking

726
00:24:22,944 --> 00:24:23,194
longer to travel or or having a

727
00:24:24,979 --> 00:24:25,229
different problems with

728
00:24:26,681 --> 00:24:26,931
different parts of the state

729
00:24:27,348 --> 00:24:27,598
with our road system

730
00:24:32,720 --> 00:24:32,970
and the gas tax this what this

731
00:24:34,689 --> 00:24:34,939
legislation would do is the gas

732
00:24:37,191 --> 00:24:37,441
tax goes from17 cents to 20

733
00:24:37,859 --> 00:24:38,109
cents a gallon

734
00:24:40,695 --> 00:24:40,945
and let me mention

735
00:24:47,168 --> 00:24:47,418
When I started in1995.

736
00:24:51,672 --> 00:24:51,922
the first thing that happened

737
00:24:52,306 --> 00:24:52,556
that year

738
00:24:56,511 --> 00:24:56,761
there was a repeal to the gas

739
00:24:57,178 --> 00:24:57,428
tax of 6 cents.

740
00:24:58,513 --> 00:24:58,763
we went backwards

741
00:25:00,915 --> 00:25:01,165
We have never made that up.

742
00:25:04,752 --> 00:25:05,002
you know and you can just look

743
00:25:07,188 --> 00:25:07,438
at all those six cents over ir2

744
00:25:10,458 --> 00:25:10,708
years you know if you multiply

745
00:25:11,259 --> 00:25:11,509
that by what he would have

746
00:25:11,826 --> 00:25:12,076
generated to the state

747
00:25:15,062 --> 00:25:15,312
and so we're not even to where

748
00:25:17,031 --> 00:25:17,281
we used to be because we had

749
00:25:19,000 --> 00:25:19,250
that repeal of those six cents

750
00:25:19,634 --> 00:25:19,884
the gas tax

751
00:25:22,703 --> 00:25:22,953
on this legislation will go

752
00:25:24,705 --> 00:25:24,955
from17 cents to 20 cents a

753
00:25:25,273 --> 00:25:25,523
gallon. The diesel tax

754
00:25:29,010 --> 00:25:29,260
would go from 21 cents to 25

755
00:25:29,644 --> 00:25:29,894
cents

756
00:25:33,247 --> 00:25:33,497
re cents on the gas and4 cents

757
00:25:36,717 --> 00:25:36,967
on the diesel. It races about57

758
00:25:39,320 --> 00:25:39,570
million a year and all of it

759
00:25:39,987 --> 00:25:40,237
would go to the roads.

760
00:25:43,191 --> 00:25:43,441
how long has it been the gas tax

761
00:25:46,794 --> 00:25:47,044
has not changed since1995, that

762
00:25:47,462 --> 00:25:47,712
is ir1 years.

763
00:25:50,731 --> 00:25:50,981
The diesel tax has not changed

764
00:25:51,532 --> 00:25:51,782
since 204, that is 22 years.

765
00:25:55,036 --> 00:25:55,286
and think of what a gallon of

766
00:25:58,739 --> 00:25:58,989
gas cost in1995.hink of what the

767
00:26:01,275 --> 00:26:01,525
road crew cost and prices went

768
00:26:02,510 --> 00:26:02,760
up. I wrote money stood

769
00:26:07,582 --> 00:26:07,832
Whaty did to the raid

770
00:26:12,954 --> 00:26:13,204
to buy what17 cents bought

771
00:26:13,554 --> 00:26:13,804
in1995

772
00:26:15,690 --> 00:26:15,940
it would need37 cents today.

773
00:26:20,528 --> 00:26:20,778
to buy what 21 cents bond in 2

774
00:26:21,162 --> 00:26:21,412
or4.

775
00:26:25,233 --> 00:26:25,483
it'll take37 cents today, Both

776
00:26:27,535 --> 00:26:27,785
rates have been have lost about

777
00:26:30,471 --> 00:26:30,721
half of their worth, but let me

778
00:26:31,272 --> 00:26:31,522
pause here for a second because

779
00:26:33,207 --> 00:26:33,457
you're seeing17 cents

780
00:26:36,944 --> 00:26:37,194
and that's not a true number

781
00:26:39,247 --> 00:26:39,497
either because Ot of the se7

782
00:26:40,515 --> 00:26:40,765
cents that you have the tax

783
00:26:43,284 --> 00:26:43,534
the department only gets

784
00:26:45,453 --> 00:26:45,703
approximately13 cents the other

785
00:26:46,988 --> 00:26:47,238
increments are to the

786
00:26:49,223 --> 00:26:49,473
municipalities which is fine.

787
00:26:50,491 --> 00:26:50,741
they also need it but just

788
00:26:55,296 --> 00:26:55,546
the department is not getting

789
00:26:56,497 --> 00:26:56,747
the se7 it's a approximately13

790
00:27:10,945 --> 00:27:11,195
this bill would win back a small

791
00:27:12,947 --> 00:27:13,197
part of that it does not get us

792
00:27:13,581 --> 00:27:13,831
to halfway.

793
00:27:16,984 --> 00:27:17,234
where we stand next door to our

794
00:27:18,953 --> 00:27:19,203
neighbors. New Mexico has the

795
00:27:20,688 --> 00:27:20,938
fourth lowest gas tax in the

796
00:27:21,255 --> 00:27:21,505
country.

797
00:27:24,492 --> 00:27:24,742
we are lower than Texas,

798
00:27:26,461 --> 00:27:26,711
Colorado, Arizona, Utah and

799
00:27:28,963 --> 00:27:29,213
Oklahoma all of them at 20 cents

800
00:27:30,698 --> 00:27:30,948
it would still rank us445th

801
00:27:33,434 --> 00:27:33,684
we will tie with Oklahoma

802
00:27:34,735 --> 00:27:34,985
we would take

803
00:27:38,806 --> 00:27:39,056
2,577 of the gas tax

804
00:27:42,477 --> 00:27:42,727
for each lane mile of road.

805
00:27:44,579 --> 00:27:44,829
the average in the country

806
00:27:49,183 --> 00:27:49,433
is12,684, that is five times our

807
00:27:49,851 --> 00:27:50,101
rate.

808
00:27:53,187 --> 00:27:53,437
why we keep falling behind

809
00:28:02,630 --> 00:28:02,880
I have water here

810
00:28:10,638 --> 00:28:10,888
cars go further on a gallon

811
00:28:12,573 --> 00:28:12,823
than they used to

812
00:28:16,577 --> 00:28:16,827
so people drive more miles but

813
00:28:17,211 --> 00:28:17,461
buy less gas.

814
00:28:18,446 --> 00:28:18,696
We collect less

815
00:28:22,817 --> 00:28:23,067
at the same time asphalt steel

816
00:28:23,484 --> 00:28:23,734
labor and all costs more.

817
00:28:28,489 --> 00:28:28,739
less money and higher cost out

818
00:28:29,123 --> 00:28:29,373
that is the whole problem.

819
00:28:49,210 --> 00:28:49,460
who gets the money about447

820
00:28:50,711 --> 00:28:50,961
million goes to the state road

821
00:28:51,345 --> 00:28:51,595
fund.

822
00:28:55,016 --> 00:28:55,266
about 9 million goes straight to

823
00:28:55,750 --> 00:28:56,000
the city and county road fun.

824
00:29:00,688 --> 00:29:00,938
but it costs the driver say you

825
00:29:01,355 --> 00:29:01,605
buy12 gallons a week.

826
00:29:05,359 --> 00:29:05,609
3 cents a gallon is36 cents a

827
00:29:06,027 --> 00:29:06,277
week.

828
00:29:09,263 --> 00:29:09,513
what is under $20 a year.

829
00:29:12,900 --> 00:29:13,150
less than one tank it is under

830
00:29:13,568 --> 00:29:13,818
20 a year

831
00:29:16,504 --> 00:29:16,754
badd roads cost them more in

832
00:29:17,071 --> 00:29:17,321
repairs.

833
00:29:23,394 --> 00:29:23,644
one blown tire, one bad road

834
00:29:23,878 --> 00:29:24,128
costs more than that.

835
00:29:25,413 --> 00:29:25,663
It is enough to fix a problem

836
00:29:30,985 --> 00:29:31,235
no but it it closes about 1/5 of

837
00:29:34,689 --> 00:29:34,939
the gap. It is the start and it

838
00:29:35,356 --> 00:29:35,606
is overdue.

839
00:29:35,606 --> 00:29:35,856
re cents

840
00:29:38,559 --> 00:29:38,809
this road carries our kids

841
00:29:42,997 --> 00:29:43,247
our economic development our

842
00:29:43,564 --> 00:29:43,814
crops

843
00:29:44,999 --> 00:29:45,249
and our freight

844
00:29:46,801 --> 00:29:47,051
they are worth

845
00:29:47,268 --> 00:29:47,518
three cents

846
00:29:52,473 --> 00:29:52,723
and with that all Mister

847
00:29:55,076 --> 00:29:55,326
Chairman and the members I'll

848
00:29:55,710 --> 00:29:55,960
yield at this time for any

849
00:29:57,245 --> 00:29:57,495
questions or any thoughts

850
00:30:00,982 --> 00:30:01,232
very good thank you very much

851
00:30:02,984 --> 00:30:03,234
senator let's go to vice

852
00:30:04,685 --> 00:30:04,935
chairmanhamlin with the first

853
00:30:06,487 --> 00:30:06,737
question. Thank you Mr Chair and

854
00:30:08,723 --> 00:30:08,973
and Senator I you know we we all

855
00:30:10,458 --> 00:30:10,708
I think recognize just how

856
00:30:11,225 --> 00:30:11,475
important it is that our roads

857
00:30:12,994 --> 00:30:13,244
get improved and whatever

858
00:30:15,229 --> 00:30:15,479
revenue sources we can get to

859
00:30:17,231 --> 00:30:17,481
target that and be really

860
00:30:19,233 --> 00:30:19,483
genuinely directed towards

861
00:30:21,002 --> 00:30:21,252
those repairs I think is what

862
00:30:23,004 --> 00:30:23,254
all of our intent is. I'm just

863
00:30:25,006 --> 00:30:25,256
wondering senator is this the

864
00:30:26,707 --> 00:30:26,957
right time to do this when we

865
00:30:28,743 --> 00:30:28,993
see gas prices go up, diesel is

866
00:30:29,377 --> 00:30:29,627
at an all time high

867
00:30:32,480 --> 00:30:32,730
I think the challenge will be

868
00:30:34,449 --> 00:30:34,699
to justify this when people are

869
00:30:35,483 --> 00:30:35,733
having a really hard time my car

870
00:30:37,251 --> 00:30:37,501
was55 dollars to fill up for a

871
00:30:40,488 --> 00:30:40,738
thir tank13 gallon tank of gas

872
00:30:41,255 --> 00:30:41,505
to drive all the way up here

873
00:30:43,391 --> 00:30:43,641
from Las Cruces and so I I

874
00:30:43,958 --> 00:30:44,208
wonder

875
00:30:47,261 --> 00:30:47,511
given given that people are

876
00:30:49,030 --> 00:30:49,280
feeling it right now in their

877
00:30:50,998 --> 00:30:51,248
their pocketbooks is this

878
00:30:52,934 --> 00:30:53,184
something to to how can you

879
00:30:53,601 --> 00:30:53,851
justify this?

880
00:30:56,938 --> 00:30:57,188
chairman no no

881
00:30:58,506 --> 00:30:58,756
madam vice chair

882
00:31:02,710 --> 00:31:02,960
you bring a a very good point

883
00:31:04,479 --> 00:31:04,729
but

884
00:31:05,012 --> 00:31:05,262
on my part

885
00:31:10,518 --> 00:31:10,768
it's never the right time

886
00:31:13,254 --> 00:31:13,504
I mean we should have done this

887
00:31:14,922 --> 00:31:15,172
21 years ago we should have done

888
00:31:17,225 --> 00:31:17,475
it1f years ago and there's

889
00:31:19,260 --> 00:31:19,510
always something that goes into

890
00:31:21,496 --> 00:31:21,746
why it's not the right time and

891
00:31:24,465 --> 00:31:24,715
I do realize what's happening

892
00:31:26,834 --> 00:31:27,084
today on on the other hand I

893
00:31:27,502 --> 00:31:27,752
thought that

894
00:31:30,972 --> 00:31:31,222
the comment that was made also

895
00:31:32,540 --> 00:31:32,790
by senator Munoz yesterday

896
00:31:37,211 --> 00:31:37,461
saying the this is the first

897
00:31:39,447 --> 00:31:39,697
time that he have seen I-40 with

898
00:31:40,114 --> 00:31:40,364
fewer trucks

899
00:31:44,485 --> 00:31:44,735
so who's gonna be paying more

900
00:31:45,253 --> 00:31:45,503
when we don't receive the

901
00:31:46,921 --> 00:31:47,171
groceries we don't receive

902
00:31:47,455 --> 00:31:47,705
everything else

903
00:31:50,725 --> 00:31:50,975
and you know there again you

904
00:31:51,359 --> 00:31:51,609
know it goes to

905
00:31:54,729 --> 00:31:54,979
infrastructure and to the many

906
00:31:56,998 --> 00:31:57,248
parts of it but I won't disagree

907
00:31:59,167 --> 00:31:59,417
with you but again you know I

908
00:31:59,834 --> 00:32:00,084
have seen that

909
00:32:02,970 --> 00:32:03,220
it it was always it's that it

910
00:32:03,638 --> 00:32:03,888
was never the right time.

911
00:32:06,641 --> 00:32:06,891
and this is very incremental,

912
00:32:07,308 --> 00:32:07,558
very small.

913
00:32:09,444 --> 00:32:09,694
you know the state of Wyommen

914
00:32:10,978 --> 00:32:11,228
usually at times that they have

915
00:32:12,713 --> 00:32:12,963
done that it's on steps of10

916
00:32:15,016 --> 00:32:15,266
cents right away some states

917
00:32:15,683 --> 00:32:15,933
even higher

918
00:32:18,753 --> 00:32:19,003
but for us you know just

919
00:32:19,287 --> 00:32:19,537
bringing in a closing that gap

920
00:32:19,987 --> 00:32:20,237
of

921
00:32:22,690 --> 00:32:22,940
you know more you know

922
00:32:24,492 --> 00:32:24,742
and and it's needed

923
00:32:30,431 --> 00:32:30,681
Thank you, Mr chair and thank

924
00:32:31,499 --> 00:32:31,749
you senator, I don't disagree

925
00:32:33,000 --> 00:32:33,250
with you at all, Bobby, I I

926
00:32:34,969 --> 00:32:35,219
think it's senator, I think it's

927
00:32:37,004 --> 00:32:37,254
it's certainly something that

928
00:32:38,739 --> 00:32:38,989
you know is there ever going to

929
00:32:39,407 --> 00:32:39,657
be a right time I think the

930
00:32:40,741 --> 00:32:40,991
challenge for you when you're

931
00:32:43,244 --> 00:32:43,494
presenting this bill is really

932
00:32:45,279 --> 00:32:45,529
addressing those issues because

933
00:32:47,014 --> 00:32:47,264
every single person is going to

934
00:32:48,750 --> 00:32:49,000
think about how much they've

935
00:32:49,417 --> 00:32:49,667
just had to spend on their gas

936
00:32:52,453 --> 00:32:52,703
tank and filling up their gas so

937
00:32:53,121 --> 00:32:53,371
I think that that's just going

938
00:32:54,722 --> 00:32:54,972
to be the challenge for you is

939
00:32:55,523 --> 00:32:55,773
really nailing that and

940
00:32:56,991 --> 00:32:57,241
articulating just the the

941
00:32:57,525 --> 00:32:57,775
importance and how that does

942
00:32:58,192 --> 00:32:58,442
trick

943
00:33:00,962 --> 00:33:01,212
le down you know our

944
00:33:02,730 --> 00:33:02,980
colleague Senator Munoz I talked

945
00:33:04,999 --> 00:33:05,249
with him yesterday and he was in

946
00:33:06,968 --> 00:33:07,218
arizona last week and diesel was

947
00:33:10,471 --> 00:33:10,721
at like 6 dollars30 cents and

948
00:33:12,440 --> 00:33:12,690
and I think gas was over4

949
00:33:14,475 --> 00:33:14,725
dollars and so you know all of

950
00:33:15,243 --> 00:33:15,493
us are experiencing this in some

951
00:33:16,978 --> 00:33:17,228
capacity or another, so I think

952
00:33:18,479 --> 00:33:18,729
just the challenge for you

953
00:33:20,481 --> 00:33:20,731
senators like how to nail that

954
00:33:22,717 --> 00:33:22,967
when I think every single person

955
00:33:24,719 --> 00:33:24,969
is is kind of nodding their head

956
00:33:25,386 --> 00:33:25,636
or understanding how

957
00:33:28,523 --> 00:33:28,773
is this the right time right now

958
00:33:31,225 --> 00:33:31,475
and it's it's gonna be your

959
00:33:34,462 --> 00:33:34,712
skill and superpower to to

960
00:33:35,196 --> 00:33:35,446
target that to really drive that

961
00:33:38,699 --> 00:33:38,949
home. no mam chairman and madam

962
00:33:39,367 --> 00:33:39,617
chair of just to share with you

963
00:33:44,505 --> 00:33:44,755
when in 9596 when that

964
00:33:45,072 --> 00:33:45,322
repeal of sixth sense went

965
00:33:45,606 --> 00:33:45,856
through.

966
00:33:49,343 --> 00:33:49,593
and you know we have one part

967
00:33:50,011 --> 00:33:50,261
our part

968
00:33:55,416 --> 00:33:55,666
and industry went up11 cents

969
00:33:56,517 --> 00:33:56,767
like the next five days after

970
00:33:57,151 --> 00:33:57,401
that.

971
00:34:00,455 --> 00:34:00,705
and that's one part that we

972
00:34:01,222 --> 00:34:01,472
can't control, I mean that's a

973
00:34:02,957 --> 00:34:03,207
different level of of you know

974
00:34:05,259 --> 00:34:05,509
how that los but there is

975
00:34:09,297 --> 00:34:09,547
you know again you know here we

976
00:34:09,964 --> 00:34:10,214
did

977
00:34:12,700 --> 00:34:12,950
take ix cents off and

978
00:34:13,201 --> 00:34:13,451
immediately we saw11 cents go up

979
00:34:14,735 --> 00:34:14,985
and

980
00:34:18,506 --> 00:34:18,756
there was like almost nothing

981
00:34:19,273 --> 00:34:19,523
that we could do about it the

982
00:34:19,841 --> 00:34:20,091
only thing we did is we hurt

983
00:34:20,508 --> 00:34:20,758
ourselves

984
00:34:22,977 --> 00:34:23,227
you know and we have since then

985
00:34:25,179 --> 00:34:25,429
you know all those years that we

986
00:34:25,847 --> 00:34:26,097
have not

987
00:34:28,483 --> 00:34:28,733
captured that revenue and

988
00:34:29,117 --> 00:34:29,367
and it shows

989
00:34:34,455 --> 00:34:34,705
you know at one presentation I

990
00:34:35,223 --> 00:34:35,473
hope that that's not true

991
00:34:36,491 --> 00:34:36,741
anymore, but we had were

992
00:34:39,227 --> 00:34:39,477
school buses actually could not

993
00:34:39,861 --> 00:34:40,111
cross certain bridges

994
00:34:43,297 --> 00:34:43,547
you know and they were bringing

995
00:34:44,565 --> 00:34:44,815
the students with feeder rods

996
00:34:47,201 --> 00:34:47,451
you know up to that point

997
00:34:48,970 --> 00:34:49,220
because bridges were not safe I

998
00:34:50,705 --> 00:34:50,955
think we're out of that you know

999
00:34:52,507 --> 00:34:52,757
but just a few years ago we

1000
00:34:53,074 --> 00:34:53,324
were at that point

1001
00:34:57,445 --> 00:34:57,695
that's all Mister chairir thank

1002
00:34:58,079 --> 00:34:58,329
you thank you senator

1003
00:35:00,681 --> 00:35:00,931
thank you vice chairman let's go

1004
00:35:01,349 --> 00:35:01,599
to Representative Montoya.

1005
00:35:06,687 --> 00:35:06,937
thank you Mr Chair uhsenator

1006
00:35:08,456 --> 00:35:08,706
once again I know this has

1007
00:35:09,490 --> 00:35:09,740
been a long crusade for you to

1008
00:35:10,525 --> 00:35:10,775
try and get our roads

1009
00:35:11,259 --> 00:35:11,509
fixed

1010
00:35:13,261 --> 00:35:13,511
I I would

1011
00:35:18,699 --> 00:35:18,949
agree to some to some

1012
00:35:20,468 --> 00:35:20,718
degree with with senator Hamblin

1013
00:35:21,235 --> 00:35:21,485
but I would I would take it a

1014
00:35:21,903 --> 00:35:22,153
different route which is

1015
00:35:24,505 --> 00:35:24,755
when we've been experiencing

1016
00:35:29,177 --> 00:35:29,427
these massive budget

1017
00:35:34,482 --> 00:35:34,732
overages we've been we've been

1018
00:35:35,283 --> 00:35:35,533
receiving a lot of money into

1019
00:35:35,917 --> 00:35:36,167
the state coffers

1020
00:35:37,085 --> 00:35:37,335
over the last five years

1021
00:35:40,922 --> 00:35:41,172
and what I've seen during that

1022
00:35:41,556 --> 00:35:41,806
time is

1023
00:35:44,959 --> 00:35:45,209
a bunch of programs that we've

1024
00:35:47,128 --> 00:35:47,378
created and a bunch of trust

1025
00:35:47,762 --> 00:35:48,012
funds

1026
00:35:49,097 --> 00:35:49,347
that we've created

1027
00:35:51,199 --> 00:35:51,449
to fund

1028
00:35:54,969 --> 00:35:55,219
this new project, this new

1029
00:35:56,971 --> 00:35:57,221
program, and we've got a

1030
00:35:57,505 --> 00:35:57,755
couple of

1031
00:35:59,073 --> 00:35:59,323
trust funds that are

1032
00:36:02,977 --> 00:36:03,227
funded in the tens of billions

1033
00:36:03,678 --> 00:36:03,928
now.

1034
00:36:09,183 --> 00:36:09,433
I agree I don't think this is

1035
00:36:10,485 --> 00:36:10,735
the right time to raise taxes

1036
00:36:12,987 --> 00:36:13,237
for multiple reasons but one

1037
00:36:15,022 --> 00:36:15,272
being the the surpluses that

1038
00:36:16,657 --> 00:36:16,907
we've been seeing in the last

1039
00:36:17,258 --> 00:36:17,508
several years

1040
00:36:19,026 --> 00:36:19,276
including this year we're going

1041
00:36:19,694 --> 00:36:19,944
to see it again

1042
00:36:22,663 --> 00:36:22,913
just wondering if you've

1043
00:36:23,164 --> 00:36:23,414
considered that route of

1044
00:36:26,701 --> 00:36:26,951
creating a a highway trust fund

1045
00:36:30,805 --> 00:36:31,055
that dollars go into it and then

1046
00:36:31,539 --> 00:36:31,789
a certain amount of money comes

1047
00:36:32,206 --> 00:36:32,456
out of it

1048
00:36:38,496 --> 00:36:38,746
you don't do it for this which

1049
00:36:39,013 --> 00:36:39,263
is really needed

1050
00:36:40,615 --> 00:36:40,865
uhm I can't hardly wait to see

1051
00:36:44,619 --> 00:36:44,869
how this legislatures decides to

1052
00:36:47,088 --> 00:36:47,338
spend3 billion dollars that is

1053
00:36:47,755 --> 00:36:48,005
not recurring

1054
00:36:52,427 --> 00:36:52,677
this session we'll we'll see all

1055
00:36:54,595 --> 00:36:54,845
kinds of things that affect very

1056
00:36:56,431 --> 00:36:56,681
very very few people across New

1057
00:36:57,131 --> 00:36:57,381
Mexico where roads and

1058
00:36:58,466 --> 00:36:58,716
infrastructure affects everyone

1059
00:37:01,135 --> 00:37:01,385
I I would just suggest

1060
00:37:06,607 --> 00:37:06,857
a new tax right now for the

1061
00:37:08,576 --> 00:37:08,826
reasons that Senatorhamlin

1062
00:37:10,778 --> 00:37:11,028
mentioned and then also for the

1063
00:37:13,247 --> 00:37:13,497
the fact that we are that that

1064
00:37:17,118 --> 00:37:17,368
state government is not lacking

1065
00:37:19,053 --> 00:37:19,303
for money and hasn't lacked for

1066
00:37:20,788 --> 00:37:21,038
money the last five or six years

1067
00:37:24,425 --> 00:37:24,675
I would suggest a different

1068
00:37:26,861 --> 00:37:27,111
route and I'd like to see the

1069
00:37:27,462 --> 00:37:27,712
roads get that money before we

1070
00:37:30,898 --> 00:37:31,148
before whatever it is we decide

1071
00:37:31,599 --> 00:37:31,849
to fund

1072
00:37:35,069 --> 00:37:35,319
come come the session I don't

1073
00:37:35,736 --> 00:37:35,986
know what your thoughts are on

1074
00:37:36,404 --> 00:37:36,654
that

1075
00:37:39,207 --> 00:37:39,457
oh Mr chairman and vice chair

1076
00:37:39,874 --> 00:37:40,124
and members so

1077
00:37:42,410 --> 00:37:42,660
I'm open to whatever works

1078
00:37:46,647 --> 00:37:46,897
d d ition al revenue to the

1079
00:37:47,215 --> 00:37:47,465
department.

1080
00:37:50,518 --> 00:37:50,768
and that is one very strong

1081
00:37:51,085 --> 00:37:51,335
point that we

1082
00:37:56,457 --> 00:37:56,707
Mr Chair once again and senator

1083
00:37:58,459 --> 00:37:58,709
if that's something that that

1084
00:37:59,060 --> 00:37:59,310
you're looking for some help

1085
00:38:01,195 --> 00:38:01,445
with wouldn't mind helping

1086
00:38:02,697 --> 00:38:02,947
you with that cause once again

1087
00:38:03,364 --> 00:38:03,614
that's that's money that's

1088
00:38:03,898 --> 00:38:04,148
sitting there that

1089
00:38:05,700 --> 00:38:05,950
for whatever reason we as

1090
00:38:06,234 --> 00:38:06,484
government

1091
00:38:07,034 --> 00:38:07,284
can't not spend

1092
00:38:08,970 --> 00:38:09,220
let's spend it on roads

1093
00:38:12,673 --> 00:38:12,923
Thank you Mr chairir. very well

1094
00:38:14,709 --> 00:38:14,959
thank you thank youpresentative.

1095
00:38:15,409 --> 00:38:15,659
any other questions or comments

1096
00:38:16,077 --> 00:38:16,327
from this committee?

1097
00:38:19,213 --> 00:38:19,463
if not senator I I have a couple

1098
00:38:20,748 --> 00:38:20,998
and maybe I don't know if it's a

1099
00:38:21,482 --> 00:38:21,732
question but

1100
00:38:27,155 --> 00:38:27,405
just just just previous to this

1101
00:38:28,723 --> 00:38:28,973
presentation you talked about

1102
00:38:30,458 --> 00:38:30,708
amending the motor vehiclecle

1103
00:38:31,225 --> 00:38:31,475
excise tax distribution and it

1104
00:38:31,893 --> 00:38:32,143
seems that

1105
00:38:36,697 --> 00:38:36,947
that being a a no raising no new

1106
00:38:38,699 --> 00:38:38,949
taxes discussion right and I

1107
00:38:40,701 --> 00:38:40,951
think is generally appreciated

1108
00:38:42,470 --> 00:38:42,720
and embraced by by people around

1109
00:38:44,972 --> 00:38:45,222
this around this table that that

1110
00:38:47,141 --> 00:38:47,391
brings in a h that if we made

1111
00:38:48,676 --> 00:38:48,926
that change that would bring

1112
00:38:50,912 --> 00:38:51,162
in153 million dollars per year

1113
00:38:53,448 --> 00:38:53,698
of of monies and I'll say new

1114
00:38:55,249 --> 00:38:55,499
money loosely to the department

1115
00:38:58,486 --> 00:38:58,736
of Transportation which in in my

1116
00:39:00,721 --> 00:39:00,971
mind completely absorbs the

1117
00:39:01,489 --> 00:39:01,739
potential um57 million dollars

1118
00:39:04,959 --> 00:39:05,209
that might be raised by

1119
00:39:05,426 --> 00:39:05,676
increasing

1120
00:39:07,228 --> 00:39:07,478
the taxes

1121
00:39:09,230 --> 00:39:09,480
as as as I read the analysis

1122
00:39:14,469 --> 00:39:14,719
is might that be a better

1123
00:39:16,938 --> 00:39:17,188
alternative given the

1124
00:39:18,940 --> 00:39:19,190
discussion that was had just now

1125
00:39:20,475 --> 00:39:20,725
with a couple of comments that

1126
00:39:22,443 --> 00:39:22,693
were received that maybe we just

1127
00:39:23,211 --> 00:39:23,461
look at the redistribution of

1128
00:39:26,481 --> 00:39:26,731
how we provide the excise

1129
00:39:28,449 --> 00:39:28,699
taxes not to the general fund

1130
00:39:29,183 --> 00:39:29,433
but to the road fund or to the

1131
00:39:32,453 --> 00:39:32,703
department of transportation and

1132
00:39:34,689 --> 00:39:34,939
you you you you make that57

1133
00:39:36,991 --> 00:39:37,241
million plus another 90 some

1134
00:39:37,625 --> 00:39:37,875
million on top of that

1135
00:39:39,827 --> 00:39:40,077
do you have any comments towards

1136
00:39:40,495 --> 00:39:40,745
that?

1137
00:39:44,465 --> 00:39:44,715
Mister chairman no

1138
00:39:46,667 --> 00:39:46,917
vice chair these are all

1139
00:39:47,235 --> 00:39:47,485
excellent.

1140
00:39:50,438 --> 00:39:50,688
excellent thoughts and excellent

1141
00:39:51,472 --> 00:39:51,722
oath again you know we can put

1142
00:39:53,174 --> 00:39:53,424
our minds together and you know

1143
00:39:53,808 --> 00:39:54,058
when we feel that

1144
00:39:55,176 --> 00:39:55,426
is accepted by

1145
00:39:59,280 --> 00:39:59,530
the overall everyone that's more

1146
00:39:59,947 --> 00:40:00,197
comfortable with and

1147
00:40:02,984 --> 00:40:03,234
the important part is the

1148
00:40:03,484 --> 00:40:03,734
objective is just to

1149
00:40:04,719 --> 00:40:04,969
work with a

1150
00:40:09,257 --> 00:40:09,507
to what it would bring recurring

1151
00:40:09,924 --> 00:40:10,174
revenue to the department.

1152
00:40:14,729 --> 00:40:14,979
and again senator with all

1153
00:40:15,363 --> 00:40:15,613
due respect this is not an

1154
00:40:17,231 --> 00:40:17,481
intent for me to try to walk you

1155
00:40:18,699 --> 00:40:18,949
away from this piece of

1156
00:40:19,467 --> 00:40:19,717
legislation. I'm just I'm trying

1157
00:40:21,235 --> 00:40:21,485
to look at just the the piece of

1158
00:40:22,970 --> 00:40:23,220
legislation you talked about

1159
00:40:24,705 --> 00:40:24,955
before and how you know it

1160
00:40:27,208 --> 00:40:27,458
raises again that um153 million

1161
00:40:30,445 --> 00:40:30,695
dollars per year of again new

1162
00:40:31,078 --> 00:40:31,328
money that once went to the

1163
00:40:32,780 --> 00:40:33,030
general fund but then redirected

1164
00:40:34,482 --> 00:40:34,732
to the to the road fund and then

1165
00:40:36,484 --> 00:40:36,734
that way you don't have to in

1166
00:40:38,719 --> 00:40:38,969
this case raise a tax and

1167
00:40:40,721 --> 00:40:40,971
Mister Charman one part that

1168
00:40:41,289 --> 00:40:41,539
always so amazes me is so

1169
00:40:44,692 --> 00:40:44,942
every district

1170
00:40:48,663 --> 00:40:48,913
every legislator looks at a if

1171
00:40:50,431 --> 00:40:50,681
you want to call it look at

1172
00:40:51,399 --> 00:40:51,649
themselves and they understand

1173
00:40:52,733 --> 00:40:52,983
the needs of of their district

1174
00:40:58,706 --> 00:40:58,956
and in my part I have a I have

1175
00:41:00,908 --> 00:41:01,158
been proposing legislation for

1176
00:41:01,576 --> 00:41:01,826
many years

1177
00:41:03,711 --> 00:41:03,961
and it never has hurt my

1178
00:41:04,245 --> 00:41:04,495
election.

1179
00:41:08,950 --> 00:41:09,200
you know and and I think to

1180
00:41:10,451 --> 00:41:10,701
as I mentioned the

1181
00:41:12,520 --> 00:41:12,770
responsibility part to your

1182
00:41:13,087 --> 00:41:13,337
constituents

1183
00:41:14,989 --> 00:41:15,239
you know they also want an

1184
00:41:16,724 --> 00:41:16,974
answer you know why isn't this

1185
00:41:18,960 --> 00:41:19,210
road fixed or why isn't this

1186
00:41:19,527 --> 00:41:19,777
traffic light

1187
00:41:22,497 --> 00:41:22,747
and I think this also shows

1188
00:41:23,064 --> 00:41:23,314
so

1189
00:41:24,766 --> 00:41:25,016
we're trying you know but

1190
00:41:28,736 --> 00:41:28,986
you know it's not something that

1191
00:41:30,705 --> 00:41:30,955
by doing it that he would hurt

1192
00:41:31,372 --> 00:41:31,622
you it's I I see it positive

1193
00:41:33,107 --> 00:41:33,357
you know it's so

1194
00:41:36,711 --> 00:41:36,961
anything to increase the

1195
00:41:37,245 --> 00:41:37,495
possibilities of making

1196
00:41:39,347 --> 00:41:39,597
every street every road safer.

1197
00:41:45,186 --> 00:41:45,436
and and and finally senator

1198
00:41:48,489 --> 00:41:48,739
it takes a lot of courage for

1199
00:41:49,056 --> 00:41:49,306
for you to being a piece of

1200
00:41:50,725 --> 00:41:50,975
legislation legislation like

1201
00:41:52,693 --> 00:41:52,943
this at a time like this and and

1202
00:41:53,394 --> 00:41:53,644
again you're not doing it for

1203
00:41:55,163 --> 00:41:55,413
yourself you're not doing it

1204
00:41:56,964 --> 00:41:57,214
because it's a Democrat or

1205
00:41:58,966 --> 00:41:59,216
Republican matter right you're

1206
00:42:00,468 --> 00:42:00,718
doing it for the for the greater

1207
00:42:01,169 --> 00:42:01,419
good of the state and the roads

1208
00:42:02,937 --> 00:42:03,187
that we all utilize on a daily

1209
00:42:04,672 --> 00:42:04,922
basis and so I can appreciate

1210
00:42:05,406 --> 00:42:05,656
that and this this couldn't have

1211
00:42:08,476 --> 00:42:08,726
been in an easy discussion to

1212
00:42:09,076 --> 00:42:09,326
want to engage in this morning

1213
00:42:10,745 --> 00:42:10,995
but nonetheless you're bringing

1214
00:42:11,379 --> 00:42:11,629
this and and that's what I think

1215
00:42:12,046 --> 00:42:12,296
this is this is

1216
00:42:15,149 --> 00:42:15,399
the process that I'd I I can I'm

1217
00:42:18,453 --> 00:42:18,703
trying to engage in now so that

1218
00:42:19,153 --> 00:42:19,403
we can know what's coming down

1219
00:42:20,955 --> 00:42:21,205
the pipe so that we can begin to

1220
00:42:22,957 --> 00:42:23,207
in this case if if you say well

1221
00:42:24,492 --> 00:42:24,742
let's collaborate let's let's

1222
00:42:26,461 --> 00:42:26,711
gather some ideas fantastic you

1223
00:42:28,463 --> 00:42:28,713
have4 months before our ours

1224
00:42:30,498 --> 00:42:30,748
session begins right and so we

1225
00:42:32,467 --> 00:42:32,717
can begin to to to collaborate

1226
00:42:34,469 --> 00:42:34,719
in those ways at the end of

1227
00:42:36,471 --> 00:42:36,721
the day again this the intent

1228
00:42:37,205 --> 00:42:37,455
of this committee at this point

1229
00:42:39,207 --> 00:42:39,457
is simply just to garner ideas

1230
00:42:40,575 --> 00:42:40,825
and again these are not

1231
00:42:43,478 --> 00:42:43,728
revenue spending initiatives

1232
00:42:45,213 --> 00:42:45,463
these are in many cases

1233
00:42:46,981 --> 00:42:47,231
generating revenue generating

1234
00:42:50,718 --> 00:42:50,968
initiatives and so I

1235
00:42:51,152 --> 00:42:51,402
appreciate that bless you

1236
00:42:54,922 --> 00:42:55,172
and and as we move forward

1237
00:42:56,958 --> 00:42:57,208
our staff is here to help you

1238
00:42:58,693 --> 00:42:58,943
and and we will continue to

1239
00:43:00,461 --> 00:43:00,711
develop your ideas and again the

1240
00:43:02,463 --> 00:43:02,713
the intent is not to persuade

1241
00:43:04,465 --> 00:43:04,715
you to do something or another

1242
00:43:05,199 --> 00:43:05,449
the intent of this is to get

1243
00:43:06,968 --> 00:43:07,218
people thinking about what's

1244
00:43:08,970 --> 00:43:09,220
gonna be discussed more in

1245
00:43:10,738 --> 00:43:10,988
detail and then its essentially

1246
00:43:12,473 --> 00:43:12,723
voted upon as you move into the

1247
00:43:14,742 --> 00:43:14,992
next legislative session and so

1248
00:43:15,476 --> 00:43:15,726
with that senator if you have

1249
00:43:17,211 --> 00:43:17,461
any final comments welcome to to

1250
00:43:17,845 --> 00:43:18,095
make those if not

1251
00:43:19,881 --> 00:43:20,131
happy

1252
00:43:21,215 --> 00:43:21,465
Mister Chairman no members

1253
00:43:21,783 --> 00:43:22,033
though

1254
00:43:24,952 --> 00:43:25,202
thank you first of all you know

1255
00:43:25,653 --> 00:43:25,903
for the opportunity to present

1256
00:43:26,320 --> 00:43:26,570
this

1257
00:43:28,956 --> 00:43:29,206
and we just need to have that

1258
00:43:30,491 --> 00:43:30,741
open

1259
00:43:33,161 --> 00:43:33,411
dialogue you know keep going and

1260
00:43:34,695 --> 00:43:34,945
you know just everyone to where

1261
00:43:38,733 --> 00:43:38,983
we can work together and I am

1262
00:43:40,701 --> 00:43:40,951
open to suggestions and I am

1263
00:43:41,335 --> 00:43:41,585
open to trying to

1264
00:43:43,004 --> 00:43:43,254
different ways that

1265
00:43:45,406 --> 00:43:45,656
that we can work with to

1266
00:43:48,943 --> 00:43:49,193
again you know just to bring

1267
00:43:52,447 --> 00:43:52,697
back that needed part that is

1268
00:43:53,047 --> 00:43:53,297
needed so bad you know by the

1269
00:43:53,681 --> 00:43:53,931
department

1270
00:43:54,682 --> 00:43:54,932
and

1271
00:43:58,519 --> 00:43:58,769
if each one of you was to take a

1272
00:43:59,187 --> 00:43:59,437
site visit

1273
00:44:02,990 --> 00:44:03,240
we get the proper name that they

1274
00:44:05,026 --> 00:44:05,276
use but where they warehouse or

1275
00:44:08,463 --> 00:44:08,713
their equipment their snowplows

1276
00:44:09,430 --> 00:44:09,680
trucks and everything they're in

1277
00:44:10,064 --> 00:44:10,314
that shape

1278
00:44:14,702 --> 00:44:14,952
you know a very sad and you know

1279
00:44:16,904 --> 00:44:17,154
yet we expect them to work and

1280
00:44:18,973 --> 00:44:19,223
we expect him to do the work

1281
00:44:20,975 --> 00:44:21,225
that's needed when we do have a

1282
00:44:24,445 --> 00:44:24,695
a big snowfall or what we have

1283
00:44:25,213 --> 00:44:25,463
and to have proper equipment

1284
00:44:25,880 --> 00:44:26,130
for that

1285
00:44:28,549 --> 00:44:28,799
and I can take anyone to any

1286
00:44:29,117 --> 00:44:29,367
of the

1287
00:44:30,485 --> 00:44:30,735
of those so

1288
00:44:33,254 --> 00:44:33,504
you know warehouses that they

1289
00:44:33,855 --> 00:44:34,105
have with the equipment

1290
00:44:34,756 --> 00:44:35,006
and

1291
00:44:38,659 --> 00:44:38,909
so the point is so

1292
00:44:40,695 --> 00:44:40,945
funding is needed for the

1293
00:44:41,262 --> 00:44:41,512
department.

1294
00:44:42,663 --> 00:44:42,913
thank you

1295
00:44:45,233 --> 00:44:45,483
thank you senator appreciate

1296
00:44:46,968 --> 00:44:47,218
your time this morning and

1297
00:44:47,568 --> 00:44:47,818
you're welcome to sit up here

1298
00:44:48,703 --> 00:44:48,953
and join us for the rest of the

1299
00:44:49,337 --> 00:44:49,587
meeting but again thank you for

1300
00:44:50,972 --> 00:44:51,222
the presentation this morning.

1301
00:44:52,974 --> 00:44:53,224
thank you to all of you thank

1302
00:44:56,711 --> 00:44:56,961
you let's move on our agenda to

1303
00:44:59,013 --> 00:44:59,263
the next one which is senator

1304
00:44:59,647 --> 00:44:59,897
sharer will be presenting this

1305
00:45:02,717 --> 00:45:02,967
on behalf of senator Joshua

1306
00:45:04,485 --> 00:45:04,735
Sanchez who could not be here

1307
00:45:05,153 --> 00:45:05,403
this morning

1308
00:45:05,620 --> 00:45:05,870
and

1309
00:45:10,691 --> 00:45:10,941
Senator Sher will be talking us

1310
00:45:12,693 --> 00:45:12,943
through providing a groce

1311
00:45:14,662 --> 00:45:14,912
receipts tax deduction for dyed

1312
00:45:15,329 --> 00:45:15,579
diesel.

1313
00:45:20,468 --> 00:45:20,718
And there's no greater voice

1314
00:45:22,470 --> 00:45:22,720
fory diesel in the state than

1315
00:45:23,070 --> 00:45:23,320
senatorhi.

1316
00:45:32,480 --> 00:45:32,730
OK sure thing

1317
00:45:44,459 --> 00:45:44,709
me too I think Mrir all of us

1318
00:45:45,226 --> 00:45:45,476
would agree on that one

1319
00:45:48,996 --> 00:45:49,246
that that's bipartisan that

1320
00:45:51,265 --> 00:45:51,515
that Pam andizzie are are the

1321
00:45:52,967 --> 00:45:53,217
brains behind a lot of the crazy

1322
00:45:53,634 --> 00:45:53,884
ideas that we come up with

1323
00:45:58,639 --> 00:45:58,889
No no no no no

1324
00:46:01,175 --> 00:46:01,425
lo a ' s yours sir whenever

1325
00:46:01,742 --> 00:46:01,992
you're ready.

1326
00:46:08,449 --> 00:46:08,699
thank you Mr chairir so first

1327
00:46:10,918 --> 00:46:11,168
this is a a fairly simple bill

1328
00:46:12,954 --> 00:46:13,204
as you can see it's really

1329
00:46:14,722 --> 00:46:14,972
one page if you take out all of

1330
00:46:16,724 --> 00:46:16,974
the blank spaces on it and it's

1331
00:46:18,726 --> 00:46:18,976
a repeal and replace that's

1332
00:46:20,461 --> 00:46:20,711
that's what it really does. so

1333
00:46:21,195 --> 00:46:21,445
it repeals the grocery receipts

1334
00:46:24,465 --> 00:46:24,715
tax credit and replaces it with

1335
00:46:26,467 --> 00:46:26,717
a grocery receipts tax deduction

1336
00:46:27,235 --> 00:46:27,485
on dyed fuels and

1337
00:46:29,370 --> 00:46:29,620
so

1338
00:46:34,475 --> 00:46:34,725
really the way I I look at this

1339
00:46:36,911 --> 00:46:37,161
is this is what I would refer to

1340
00:46:40,715 --> 00:46:40,965
as a peta factor bill so pITA

1341
00:46:41,382 --> 00:46:41,632
that's peti factor that's pain

1342
00:46:45,119 --> 00:46:45,369
in the rear factor and so the

1343
00:46:47,188 --> 00:46:47,438
way it works right now it's a

1344
00:46:48,956 --> 00:46:49,206
it's a relatively high peta

1345
00:46:51,192 --> 00:46:51,442
factor on the taxpayer and this

1346
00:46:52,894 --> 00:46:53,144
would make it a low peta factor

1347
00:46:53,561 --> 00:46:53,811
on the taxpayer.

1348
00:46:56,998 --> 00:46:57,248
and of course for those that

1349
00:46:58,466 --> 00:46:58,716
in the world that don't

1350
00:47:00,735 --> 00:47:00,985
understand the die diesel it's

1351
00:47:02,703 --> 00:47:02,953
really for offroad use so

1352
00:47:04,472 --> 00:47:04,722
typically agriculture but it

1353
00:47:05,273 --> 00:47:05,523
could be for anything that's not

1354
00:47:06,707 --> 00:47:06,957
on the road so if you've got a

1355
00:47:08,443 --> 00:47:08,693
piece of construction equipment

1356
00:47:09,444 --> 00:47:09,694
somewhere that's using diesel

1357
00:47:10,978 --> 00:47:11,228
you could use the dyed diesel

1358
00:47:13,247 --> 00:47:13,497
there as well and why it's

1359
00:47:15,216 --> 00:47:15,466
because it's not on the road

1360
00:47:16,684 --> 00:47:16,934
therefore it's not paying the

1361
00:47:17,351 --> 00:47:17,601
road tax cause it didn't use the

1362
00:47:18,019 --> 00:47:18,269
road.

1363
00:47:19,387 --> 00:47:19,637
and so that's

1364
00:47:23,191 --> 00:47:23,441
that's really the whole

1365
00:47:23,724 --> 00:47:23,974
idea of

1366
00:47:26,961 --> 00:47:27,211
behind it being different

1367
00:47:28,896 --> 00:47:29,146
than what goes in the in the

1368
00:47:30,665 --> 00:47:30,915
your truck that's going down the

1369
00:47:31,399 --> 00:47:31,649
road.

1370
00:47:36,437 --> 00:47:36,687
on the analysis here that

1371
00:47:38,473 --> 00:47:38,723
that isn't so eloquently did and

1372
00:47:39,240 --> 00:47:39,490
so I have to challenge him on a

1373
00:47:42,977 --> 00:47:43,227
couple of things here so on

1374
00:47:44,679 --> 00:47:44,929
page two of the analysis he

1375
00:47:47,181 --> 00:47:47,431
talks about number 2 the

1376
00:47:48,950 --> 00:47:49,200
theory of the change color. does

1377
00:47:50,985 --> 00:47:51,235
it identify the taxpayer

1378
00:47:52,987 --> 00:47:53,237
behavior that's intended to

1379
00:47:53,554 --> 00:47:53,804
influence and that's really

1380
00:47:54,088 --> 00:47:54,338
where I would say

1381
00:47:57,225 --> 00:47:57,475
it's just a peta factor thing.

1382
00:47:59,193 --> 00:47:59,443
If I have to spend an hour doing

1383
00:48:01,195 --> 00:48:01,445
something or3 minutes doing

1384
00:48:02,964 --> 00:48:03,214
something well why are you gonna

1385
00:48:04,699 --> 00:48:04,949
make me spend an hour doing it

1386
00:48:06,734 --> 00:48:06,984
so let's just let the

1387
00:48:08,503 --> 00:48:08,753
taxpayer do it as quickly and

1388
00:48:09,170 --> 00:48:09,420
simply as possible.

1389
00:48:11,239 --> 00:48:11,489
so I think that's what this is

1390
00:48:12,974 --> 00:48:13,224
is really about. Another

1391
00:48:14,475 --> 00:48:14,725
question here is does the

1392
00:48:16,444 --> 00:48:16,694
proposal estimate the impact on

1393
00:48:18,479 --> 00:48:18,729
the general fund. Well further

1394
00:48:20,715 --> 00:48:20,965
up on that list it says the

1395
00:48:22,950 --> 00:48:23,200
fiscal impact report scored at

1396
00:48:23,584 --> 00:48:23,834
$6 million.

1397
00:48:26,788 --> 00:48:27,038
a year for general fund and4

1398
00:48:27,455 --> 00:48:27,705
million to local governments.

1399
00:48:30,425 --> 00:48:30,675
so yeah we do know what it's

1400
00:48:32,994 --> 00:48:33,244
gonna cost, OK? but there

1401
00:48:33,561 --> 00:48:33,811
clearly is

1402
00:48:35,396 --> 00:48:35,646
let me read something

1403
00:48:38,666 --> 00:48:38,916
something else that I had here

1404
00:48:40,668 --> 00:48:40,918
now I've eaten

1405
00:48:44,972 --> 00:48:45,222
there clearly is

1406
00:48:46,707 --> 00:48:46,957
a

1407
00:48:51,179 --> 00:48:51,429
confusion on what all of this

1408
00:48:52,947 --> 00:48:53,197
might mean so I think that

1409
00:48:54,682 --> 00:48:54,932
there's that's that's part of

1410
00:48:56,684 --> 00:48:56,934
the peti factor thing because

1411
00:48:58,686 --> 00:48:58,936
TRD is confused the the the

1412
00:49:00,455 --> 00:49:00,705
taxpayers are confused other

1413
00:49:01,155 --> 00:49:01,405
people are trying to figure this

1414
00:49:02,690 --> 00:49:02,940
out just simply trying to to

1415
00:49:04,926 --> 00:49:05,176
make it so that it all makes

1416
00:49:05,493 --> 00:49:05,743
sense to everybody.

1417
00:49:07,095 --> 00:49:07,345
and so that's what it does

1418
00:49:09,197 --> 00:49:09,447
and so

1419
00:49:15,002 --> 00:49:15,252
barring any real major 2%

1420
00:49:16,938 --> 00:49:17,188
grocery receipts tax tax reform

1421
00:49:18,673 --> 00:49:18,923
bill that would actually fix all

1422
00:49:20,708 --> 00:49:20,958
of our taxes I think that

1423
00:49:22,710 --> 00:49:22,960
this is a a a wise use of just

1424
00:49:24,479 --> 00:49:24,729
trying to make it easier for the

1425
00:49:25,146 --> 00:49:25,396
taxpayer to figure out how to

1426
00:49:25,813 --> 00:49:26,063
pay the

1427
00:49:35,223 --> 00:49:35,473
Senator share you impressed us

1428
00:49:35,857 --> 00:49:36,107
all

1429
00:49:36,991 --> 00:49:37,241
you didn't ask for Pam's help at

1430
00:49:37,658 --> 00:49:37,908
all

1431
00:49:38,860 --> 00:49:39,110
good

1432
00:49:44,699 --> 00:49:44,949
OK. any questions for the

1433
00:49:45,399 --> 00:49:45,649
senator let's start with

1434
00:49:45,967 --> 00:49:46,217
Representative Duncan.

1435
00:49:48,469 --> 00:49:48,719
thank you Mr chairir.

1436
00:49:52,473 --> 00:49:52,723
quick question for you and and

1437
00:49:54,675 --> 00:49:54,925
um'm think I know the answer.

1438
00:49:56,944 --> 00:49:57,194
So I get in my tractor, I drive

1439
00:49:58,746 --> 00:49:58,996
down the gas station from my

1440
00:49:59,313 --> 00:49:59,563
farms about

1441
00:49:59,580 --> 00:49:59,830
two minutes.

1442
00:50:02,950 --> 00:50:03,200
so I get out there and fill up

1443
00:50:04,719 --> 00:50:04,969
my tractor this week. next week

1444
00:50:06,954 --> 00:50:07,204
you're done fill it up again are

1445
00:50:08,723 --> 00:50:08,973
we talking about diesil that's

1446
00:50:09,490 --> 00:50:09,740
delivered to my farm or are we

1447
00:50:10,958 --> 00:50:11,208
talking about diesel that I can

1448
00:50:12,760 --> 00:50:13,010
just go buy and then I keep the

1449
00:50:13,428 --> 00:50:13,678
receipt at the end of the year

1450
00:50:17,198 --> 00:50:17,448
actually with the dyed diesel

1451
00:50:18,966 --> 00:50:19,216
the way it's supposed to be that

1452
00:50:20,468 --> 00:50:20,718
tractor's not supposed to be on

1453
00:50:21,202 --> 00:50:21,452
a public road using the dyed

1454
00:50:21,836 --> 00:50:22,086
diesel.

1455
00:50:26,674 --> 00:50:26,924
I know you're doing it anywhere

1456
00:50:30,745 --> 00:50:30,995
so you take it in your pickup

1457
00:50:32,680 --> 00:50:32,930
truck and you fill up the cans

1458
00:50:33,347 --> 00:50:33,597
and you drive back to your

1459
00:50:33,881 --> 00:50:34,131
tractor.

1460
00:50:36,484 --> 00:50:36,734
Miss chair that sounds like a

1461
00:50:38,920 --> 00:50:39,170
really good idea in theory, but

1462
00:50:40,888 --> 00:50:41,138
when you're 67 years old and

1463
00:50:41,522 --> 00:50:41,772
diesel can weighs

1464
00:50:44,725 --> 00:50:44,975
40 pounds that's not gonna

1465
00:50:46,461 --> 00:50:46,711
happen very much and a lot of

1466
00:50:47,195 --> 00:50:47,445
these farmers are the same age

1467
00:50:50,932 --> 00:50:51,182
as I am or older so I guess my

1468
00:50:52,934 --> 00:50:53,184
question is I have to have that

1469
00:50:54,435 --> 00:50:54,685
delivered is that what you're

1470
00:50:55,236 --> 00:50:55,486
saying I have to have my own

1471
00:50:55,903 --> 00:50:56,153
tank there

1472
00:50:57,538 --> 00:50:57,788
umm chairir that's

1473
00:51:01,209 --> 00:51:01,459
the idea behind the the diesel

1474
00:51:03,211 --> 00:51:03,461
is that it wasn't on the roads.

1475
00:51:06,447 --> 00:51:06,697
Does it happen? Yes. Is the

1476
00:51:07,181 --> 00:51:07,431
state cop gonna just drive past

1477
00:51:09,383 --> 00:51:09,633
you probably ok because

1478
00:51:11,252 --> 00:51:11,502
we're in New Mexico

1479
00:51:14,989 --> 00:51:15,239
right? but the whole idea is

1480
00:51:17,191 --> 00:51:17,441
that this is really for ag use

1481
00:51:17,859 --> 00:51:18,109
or off

1482
00:51:21,362 --> 00:51:21,612
offhigway use of whatever the

1483
00:51:22,830 --> 00:51:23,080
the piece of equipment might be

1484
00:51:26,467 --> 00:51:26,717
and that's that's the idea

1485
00:51:27,168 --> 00:51:27,418
they're not using the roads

1486
00:51:28,503 --> 00:51:28,753
therefore they don't have to pay

1487
00:51:29,170 --> 00:51:29,420
the road tax.

1488
00:51:32,473 --> 00:51:32,723
I understand the reality. I

1489
00:51:33,174 --> 00:51:33,424
think anybody that doesn't live

1490
00:51:34,475 --> 00:51:34,725
inside of Albuquerque

1491
00:51:34,909 --> 00:51:35,159
understands the reality

1492
00:51:41,265 --> 00:51:41,515
Thank Mr Cha but senator on that

1493
00:51:43,184 --> 00:51:43,434
what would be my mechanism then

1494
00:51:45,186 --> 00:51:45,436
to be able to get this tax

1495
00:51:46,721 --> 00:51:46,971
credit at the end of the year

1496
00:51:48,456 --> 00:51:48,706
amm I going to keep the receipt

1497
00:51:50,458 --> 00:51:50,708
I get from the gas station or do

1498
00:51:51,192 --> 00:51:51,442
I have to have it delivered to

1499
00:51:52,960 --> 00:51:53,210
my farm? What what what do we

1500
00:51:54,962 --> 00:51:55,212
need to do there? So this is

1501
00:51:56,764 --> 00:51:57,014
imposed on the on the seller so

1502
00:51:57,365 --> 00:51:57,615
you don't have to do anything as

1503
00:51:58,032 --> 00:51:58,282
the farmer

1504
00:52:02,737 --> 00:52:02,987
good. Second thing to that Mr

1505
00:52:04,705 --> 00:52:04,955
chairir and it's only a4

1506
00:52:06,707 --> 00:52:06,957
million dollars hit but I always

1507
00:52:07,442 --> 00:52:07,692
think about what it does to

1508
00:52:09,210 --> 00:52:09,460
municipalities and the GRT that

1509
00:52:09,844 --> 00:52:10,094
they're going to be hit with

1510
00:52:12,747 --> 00:52:12,997
and that's my concern with this

1511
00:52:14,449 --> 00:52:14,699
when we when we rode them so

1512
00:52:16,484 --> 00:52:16,734
thank you som chair please

1513
00:52:17,051 --> 00:52:17,301
ignore the big guy in the back

1514
00:52:17,752 --> 00:52:18,002
that's shaking his head no.

1515
00:52:31,199 --> 00:52:31,449
re representative did you have a

1516
00:52:34,469 --> 00:52:34,719
question to that? No I I just

1517
00:52:35,236 --> 00:52:35,486
that I just wanted to make that

1518
00:52:36,737 --> 00:52:36,987
statement. I worry about

1519
00:52:39,240 --> 00:52:39,490
whenever we we get this I also

1520
00:52:42,743 --> 00:52:42,993
miser also understand dye diesel

1521
00:52:43,544 --> 00:52:43,794
has to be delivered you can't

1522
00:52:44,946 --> 00:52:45,196
get it from a gas station so

1523
00:52:45,613 --> 00:52:45,863
thank you

1524
00:52:48,449 --> 00:52:48,699
thank youpresentative

1525
00:52:50,451 --> 00:52:50,701
so Mr chairir I did I did make

1526
00:52:51,185 --> 00:52:51,435
an error that's why Pam is here

1527
00:52:51,819 --> 00:52:52,069
to make sure that I'm

1528
00:52:52,887 --> 00:52:53,137
that I'm

1529
00:52:57,024 --> 00:52:57,274
trying to be honest with you

1530
00:53:00,695 --> 00:53:00,945
so I misread what it what it is

1531
00:53:02,697 --> 00:53:02,947
so the the impact of the general

1532
00:53:04,699 --> 00:53:04,949
fund on page one of of this

1533
00:53:08,703 --> 00:53:08,953
analysis is uh16.8 million to 26

1534
00:53:09,370 --> 00:53:09,620
million

1535
00:53:11,472 --> 00:53:11,722
or to the general fund 9.6

1536
00:53:15,309 --> 00:53:15,559
to1f million to the local

1537
00:53:19,213 --> 00:53:19,463
municipalities. so that's

1538
00:53:21,249 --> 00:53:21,499
that's the real impact and of

1539
00:53:22,917 --> 00:53:23,167
course the five year impact is

1540
00:53:23,584 --> 00:53:23,834
lifetime big

1541
00:53:26,687 --> 00:53:26,937
appreciate you better correct

1542
00:53:28,456 --> 00:53:28,706
that and make sure that

1543
00:53:29,157 --> 00:53:29,407
otherwise Pam was gonna kick me

1544
00:53:30,925 --> 00:53:31,175
again.ppreciate the

1545
00:53:32,493 --> 00:53:32,743
clarification. let's go to vice

1546
00:53:33,261 --> 00:53:33,511
chairman Hamlin and then we'll

1547
00:53:34,962 --> 00:53:35,212
go to senator wirth and all of

1548
00:53:36,731 --> 00:53:36,981
us thank you Mr Chair all of us

1549
00:53:37,365 --> 00:53:37,615
who know Pam know that she's not

1550
00:53:39,200 --> 00:53:39,450
really kicking senator sharer

1551
00:53:42,470 --> 00:53:42,720
under the table but it is a

1552
00:53:43,204 --> 00:53:43,454
lovely dynamic to always watch

1553
00:53:45,206 --> 00:53:45,456
to watch the two of you

1554
00:53:46,941 --> 00:53:47,191
mine's more of of a comment

1555
00:53:48,743 --> 00:53:48,993
senator and and we've had this

1556
00:53:50,478 --> 00:53:50,728
bill before our committee in the

1557
00:53:52,980 --> 00:53:53,230
senate a couple of times in my

1558
00:53:53,648 --> 00:53:53,898
district I've got a lot of

1559
00:53:54,182 --> 00:53:54,432
farmers and

1560
00:53:57,218 --> 00:53:57,468
and they and and I have

1561
00:53:58,953 --> 00:53:59,203
pulled up behind a trail a

1562
00:54:00,655 --> 00:54:00,905
tractor on the road on highway

1563
00:54:01,422 --> 00:54:01,672
28 going through the the

1564
00:54:02,957 --> 00:54:03,207
beautiful pecan orchards that we

1565
00:54:05,259 --> 00:54:05,509
have and so I think with this

1566
00:54:07,261 --> 00:54:07,511
the the importance will be to

1567
00:54:09,263 --> 00:54:09,513
get the word out about that for

1568
00:54:10,932 --> 00:54:11,182
them so that they understand

1569
00:54:13,468 --> 00:54:13,718
that but also I I like with

1570
00:54:14,969 --> 00:54:15,219
my colleaguepresentative Duncan

1571
00:54:17,238 --> 00:54:17,488
is as we know anytime there's a

1572
00:54:18,706 --> 00:54:18,956
conversation about GRTs and

1573
00:54:21,209 --> 00:54:21,459
removing GRTs those communities

1574
00:54:23,244 --> 00:54:23,494
that benefit from that

1575
00:54:23,778 --> 00:54:24,028
start to panic a little bit

1576
00:54:26,948 --> 00:54:27,198
and and understandably so

1577
00:54:28,483 --> 00:54:28,733
because they're looking at all

1578
00:54:29,217 --> 00:54:29,467
of a sudden a revenue stream

1579
00:54:31,185 --> 00:54:31,435
that they were expecting that is

1580
00:54:32,687 --> 00:54:32,937
not going to be coming in

1581
00:54:34,989 --> 00:54:35,239
anymore so my my comment more

1582
00:54:36,924 --> 00:54:37,174
is I I just look forward to more

1583
00:54:38,459 --> 00:54:38,709
conversation about it because I

1584
00:54:40,461 --> 00:54:40,711
see the value of it, but I also

1585
00:54:41,129 --> 00:54:41,379
see the concern about it and so

1586
00:54:43,431 --> 00:54:43,681
I I'm hoping that there is a way

1587
00:54:45,233 --> 00:54:45,483
to kind of get there to where we

1588
00:54:47,201 --> 00:54:47,451
can we can implement this to

1589
00:54:48,936 --> 00:54:49,186
where the communities that

1590
00:54:49,470 --> 00:54:49,720
benefit from that GRt don't

1591
00:54:51,272 --> 00:54:51,522
feel it

1592
00:54:55,176 --> 00:54:55,426
in a in a really bad way and I'm

1593
00:54:57,178 --> 00:54:57,428
looking at our TRD folks and and

1594
00:54:59,147 --> 00:54:59,397
and uhizzy you know because I do

1595
00:55:00,448 --> 00:55:00,698
think that there is a

1596
00:55:02,683 --> 00:55:02,933
possibility it's just you

1597
00:55:03,317 --> 00:55:03,567
know having those conversations

1598
00:55:04,485 --> 00:55:04,735
to see how we get there because

1599
00:55:05,219 --> 00:55:05,469
I know that people in my

1600
00:55:07,221 --> 00:55:07,471
district will certainly

1601
00:55:08,689 --> 00:55:08,939
certainly appreciate it thank

1602
00:55:10,725 --> 00:55:10,975
you Mr chair thank you Viceruman

1603
00:55:12,460 --> 00:55:12,710
let's go to Senatorwirth thank

1604
00:55:13,127 --> 00:55:13,377
you Mr Chair.

1605
00:55:14,462 --> 00:55:14,712
So I just want to understand I

1606
00:55:15,430 --> 00:55:15,680
do I also remember this film

1607
00:55:16,697 --> 00:55:16,947
lots of discussion about this

1608
00:55:17,365 --> 00:55:17,615
bill

1609
00:55:20,968 --> 00:55:21,218
so this past though right we did

1610
00:55:21,636 --> 00:55:21,886
some kind of die diesel

1611
00:55:24,705 --> 00:55:24,955
I'm looking at the sheet here

1612
00:55:26,441 --> 00:55:26,691
looks like 2024 it was part of

1613
00:55:28,676 --> 00:55:28,926
the om of this bill and I guess

1614
00:55:29,343 --> 00:55:29,593
I want to understand

1615
00:55:32,447 --> 00:55:32,697
what did we pass? what are we

1616
00:55:33,047 --> 00:55:33,297
changing and why do we need to

1617
00:55:33,714 --> 00:55:33,964
change it

1618
00:55:36,951 --> 00:55:37,201
uhmir senator a couple of years

1619
00:55:38,953 --> 00:55:39,203
ago in the tax package the

1620
00:55:40,988 --> 00:55:41,238
credit was passed for dieteil

1621
00:55:42,690 --> 00:55:42,940
for agricultural purposes and

1622
00:55:43,491 --> 00:55:43,741
that's what's being repealed in

1623
00:55:46,461 --> 00:55:46,711
this bill and re and replaced

1624
00:55:48,463 --> 00:55:48,713
with the deduction and the

1625
00:55:50,731 --> 00:55:50,981
credit is discussed in in the

1626
00:55:52,467 --> 00:55:52,717
analysis of the proposal

1627
00:55:52,967 --> 00:55:53,217
analysis and talks about how

1628
00:55:54,435 --> 00:55:54,685
it's limited to agricultural

1629
00:55:55,470 --> 00:55:55,720
use. it has a10 million dollars

1630
00:55:56,971 --> 00:55:57,221
cap which is why it was

1631
00:55:58,973 --> 00:55:59,223
limited to $6 million hit to the

1632
00:56:00,708 --> 00:56:00,958
general fund4 million dollars to

1633
00:56:02,710 --> 00:56:02,960
the locals because it had that10

1634
00:56:03,377 --> 00:56:03,627
million dollar cap and

1635
00:56:03,945 --> 00:56:04,195
those will go away

1636
00:56:06,547 --> 00:56:06,797
because with the deduction you

1637
00:56:07,181 --> 00:56:07,431
can't have it's

1638
00:56:10,451 --> 00:56:10,701
near I can't and I can't see

1639
00:56:12,453 --> 00:56:12,703
how a cat can be administered

1640
00:56:13,054 --> 00:56:13,304
with a deduction because they're

1641
00:56:13,721 --> 00:56:13,971
just

1642
00:56:16,457 --> 00:56:16,707
claimed differently deductions

1643
00:56:17,191 --> 00:56:17,441
are extremely difficult to to

1644
00:56:18,693 --> 00:56:18,943
watch ac. I think the only way

1645
00:56:20,461 --> 00:56:20,711
you could do it is by auditing

1646
00:56:21,095 --> 00:56:21,345
taxpayers and don't think

1647
00:56:21,662 --> 00:56:21,912
anybody wants that

1648
00:56:24,465 --> 00:56:24,715
so and I guess Mr chair does it

1649
00:56:26,501 --> 00:56:26,751
make sense to make this shift

1650
00:56:28,503 --> 00:56:28,753
mean why would we go away from a

1651
00:56:32,940 --> 00:56:33,190
agricultural use with a cap with

1652
00:56:33,608 --> 00:56:33,858
a set hit

1653
00:56:37,211 --> 00:56:37,461
to something that goes from you

1654
00:56:39,180 --> 00:56:39,430
know for local governments iss

1655
00:56:40,915 --> 00:56:41,165
rep Duncan said I mean this is

1656
00:56:42,683 --> 00:56:42,933
going from4 million to15 million

1657
00:56:43,351 --> 00:56:43,601
dollar

1658
00:56:44,552 --> 00:56:44,802
and I just what what's the

1659
00:56:47,188 --> 00:56:47,438
give me the thinking between

1660
00:56:49,190 --> 00:56:49,440
expanding it beyond agriculture

1661
00:56:50,725 --> 00:56:50,975
which I think is what it does is

1662
00:56:53,194 --> 00:56:53,444
now all off road, correct on top

1663
00:56:54,962 --> 00:56:55,212
of agriculture so Mister Chair

1664
00:56:56,564 --> 00:56:56,814
Senator, yes

1665
00:57:00,468 --> 00:57:00,718
but again if we're trying to

1666
00:57:01,202 --> 00:57:01,452
build the things in New Mexico

1667
00:57:04,439 --> 00:57:04,689
if we're actually trying to

1668
00:57:06,441 --> 00:57:06,691
create an economy and and make

1669
00:57:08,476 --> 00:57:08,726
things happen. Well those pieces

1670
00:57:09,177 --> 00:57:09,427
of equipment that are digging

1671
00:57:10,945 --> 00:57:11,195
big holes in the ground or those

1672
00:57:12,713 --> 00:57:12,963
pieces of equipment that are

1673
00:57:14,449 --> 00:57:14,699
flattening the ground or

1674
00:57:16,451 --> 00:57:16,701
whatever would then be

1675
00:57:17,218 --> 00:57:17,468
included and therefore

1676
00:57:17,652 --> 00:57:17,902
hopefully

1677
00:57:23,224 --> 00:57:23,474
created a a longer lasting

1678
00:57:24,959 --> 00:57:25,209
stronger economy. Today our

1679
00:57:26,961 --> 00:57:27,211
economy is kind of limited oil

1680
00:57:27,595 --> 00:57:27,845
and gas federal government

1681
00:57:29,664 --> 00:57:29,914
healthcare mean that

1682
00:57:32,500 --> 00:57:32,750
overs our economy so can we can

1683
00:57:33,167 --> 00:57:33,417
we do

1684
00:57:37,004 --> 00:57:37,254
And Mr Chan, would this apply to

1685
00:57:38,940 --> 00:57:39,190
recreational offroad vehicles

1686
00:57:39,607 --> 00:57:39,857
that use diesel.

1687
00:57:43,244 --> 00:57:43,494
I

1688
00:57:46,681 --> 00:57:46,931
any vehicle

1689
00:57:50,485 --> 00:57:50,735
any any die diesel purchase.

1690
00:57:54,689 --> 00:57:54,939
and so I guess just to

1691
00:57:55,223 --> 00:57:55,473
understand it so if I've got

1692
00:57:56,524 --> 00:57:56,774
umm hauling

1693
00:58:00,728 --> 00:58:00,978
four wheelers that use diesel

1694
00:58:02,463 --> 00:58:02,713
right now can I purchase die

1695
00:58:04,732 --> 00:58:04,982
diesel or would this change the

1696
00:58:06,501 --> 00:58:06,751
right now I paying $6 for diesel

1697
00:58:07,168 --> 00:58:07,418
and this would

1698
00:58:10,905 --> 00:58:11,155
w itch ing over to die diesel I

1699
00:58:11,606 --> 00:58:11,856
guess that

1700
00:58:14,475 --> 00:58:14,725
off road vehicles currently are

1701
00:58:15,143 --> 00:58:15,393
they able to use ye diesel?

1702
00:58:18,746 --> 00:58:18,996
that's unfortunately out of my

1703
00:58:19,347 --> 00:58:19,597
expertise. do we have anybody

1704
00:58:19,981 --> 00:58:20,231
who

1705
00:58:22,550 --> 00:58:22,800
lin s islin still here do you

1706
00:58:23,217 --> 00:58:23,467
know that the answer

1707
00:58:27,188 --> 00:58:27,438
the secretary here Izzie's here

1708
00:58:34,495 --> 00:58:34,745
we have the off road vehiclecle

1709
00:58:36,898 --> 00:58:37,148
expert Ismaelorris and and

1710
00:58:38,966 --> 00:58:39,216
and

1711
00:58:41,002 --> 00:58:41,252
I don't know if you want yeah

1712
00:58:42,470 --> 00:58:42,720
happy to do that mis chair and

1713
00:58:43,171 --> 00:58:43,421
senator wirth they are

1714
00:58:46,441 --> 00:58:46,691
interchangeable so if you are

1715
00:58:48,943 --> 00:58:49,193
currently on off-road vehicle

1716
00:58:50,978 --> 00:58:51,228
or user you know there's other

1717
00:58:52,480 --> 00:58:52,730
uses of dye diesel than just

1718
00:58:54,482 --> 00:58:54,732
offroad vehicles you can use

1719
00:58:56,451 --> 00:58:56,701
undyed diesel as well and so

1720
00:58:58,719 --> 00:58:58,969
currently the unda diesel the

1721
00:59:00,955 --> 00:59:01,205
road the diesel used for for

1722
00:59:03,491 --> 00:59:03,741
roads has special fuels excise

1723
00:59:05,226 --> 00:59:05,476
tax that's a set rate as we were

1724
00:59:06,761 --> 00:59:07,011
just discussing with Senator

1725
00:59:07,428 --> 00:59:07,678
Gonzalez and so

1726
00:59:09,564 --> 00:59:09,814
as the price rises of diesel as

1727
00:59:12,467 --> 00:59:12,717
you mentioned $6 you know the

1728
00:59:13,167 --> 00:59:13,417
tax doesn't rise on the undai

1729
00:59:15,169 --> 00:59:15,419
diesel but because die diesel

1730
00:59:15,837 --> 00:59:16,087
has a GRT on it

1731
00:59:17,572 --> 00:59:17,822
which is a percent of the value

1732
00:59:21,476 --> 00:59:21,726
you you actually have a higher

1733
00:59:22,710 --> 00:59:22,960
there are certain prices where

1734
00:59:24,479 --> 00:59:24,729
you have a higher tax on the dye

1735
00:59:25,179 --> 00:59:25,429
diesel than the non dye diesel

1736
00:59:27,148 --> 00:59:27,398
but those offroad vehicles could

1737
00:59:28,516 --> 00:59:28,766
always just use the undy diesel

1738
00:59:30,585 --> 00:59:30,835
to continue running if it's a

1739
00:59:31,252 --> 00:59:31,502
lower price

1740
00:59:36,457 --> 00:59:36,707
thanks and thanks Mr Chair. just

1741
00:59:37,191 --> 00:59:37,441
one more question I remember

1742
00:59:40,461 --> 00:59:40,711
Pam you had huge heartburn about

1743
00:59:41,162 --> 00:59:41,412
this bill when we passed it and

1744
00:59:44,465 --> 00:59:44,715
and it working you know the

1745
00:59:46,467 --> 00:59:46,717
existing so switching over from

1746
00:59:48,503 --> 00:59:48,753
the credit to the deduction. I

1747
00:59:49,270 --> 00:59:49,520
mean it sounds like from a

1748
00:59:50,972 --> 00:59:51,222
policy standpoint that's cleaner

1749
00:59:51,639 --> 00:59:51,889
to

1750
00:59:54,709 --> 00:59:54,959
implement I just get your

1751
00:59:56,944 --> 00:59:57,194
thoughts on that it in regard

1752
00:59:58,679 --> 00:59:58,929
to the cap if you want to cap it

1753
00:59:59,380 --> 00:59:59,630
you really need to make it a

1754
01:00:00,948 --> 01:00:01,198
credit but it it is harder to

1755
01:00:02,483 --> 01:00:02,733
administer it's hard for

1756
01:00:04,719 --> 01:00:04,969
compliance it's it's more

1757
01:00:06,754 --> 01:00:07,004
cumbersome on both for tax and

1758
01:00:08,489 --> 01:00:08,739
rep and for the taxpayer, but if

1759
01:00:09,157 --> 01:00:09,407
you want a cap

1760
01:00:11,159 --> 01:00:11,409
you you I think you have to do

1761
01:00:11,793 --> 01:00:12,043
credit.

1762
01:00:12,794 --> 01:00:13,044
thank you Mrir

1763
01:00:16,531 --> 01:00:16,781
thank you senatororth great

1764
01:00:17,098 --> 01:00:17,348
questions. let's go to

1765
01:00:17,632 --> 01:00:17,882
Representative Monto

1766
01:00:22,737 --> 01:00:22,987
thank you Mr Chair senator

1767
01:00:25,339 --> 01:00:25,589
I actually like the discussions

1768
01:00:27,074 --> 01:00:27,324
we've had in this committee the

1769
01:00:27,708 --> 01:00:27,958
last two days.

1770
01:00:29,310 --> 01:00:29,560
seems to be

1771
01:00:32,947 --> 01:00:33,197
that a lot of what we're talking

1772
01:00:35,450 --> 01:00:35,700
about is truth truth in

1773
01:00:38,486 --> 01:00:38,736
government truth and taxation

1774
01:00:39,087 --> 01:00:39,337
it just seems like

1775
01:00:42,657 --> 01:00:42,907
almost in every category of

1776
01:00:43,224 --> 01:00:43,474
taxation

1777
01:00:43,474 --> 01:00:43,724
in this state

1778
01:00:46,994 --> 01:00:47,244
we have some peculiarity

1779
01:00:50,731 --> 01:00:50,981
where a certain portion of this

1780
01:00:51,532 --> 01:00:51,782
tax goes to the general fund

1781
01:00:52,700 --> 01:00:52,950
even though it's not related to

1782
01:00:53,367 --> 01:00:53,617
the general fund

1783
01:00:56,971 --> 01:00:57,221
so I think in just

1784
01:00:59,006 --> 01:00:59,256
from a

1785
01:01:02,510 --> 01:01:02,760
purityian government

1786
01:01:04,745 --> 01:01:04,995
logic

1787
01:01:07,482 --> 01:01:07,732
standpoint I like the idea of

1788
01:01:11,152 --> 01:01:11,402
if it's if this is not

1789
01:01:14,489 --> 01:01:14,739
a fuel that's being used on our

1790
01:01:15,123 --> 01:01:15,373
highway

1791
01:01:18,760 --> 01:01:19,010
shoulduld be should be taxed

1792
01:01:19,327 --> 01:01:19,577
that way

1793
01:01:22,930 --> 01:01:23,180
so I I I like the idea of making

1794
01:01:23,598 --> 01:01:23,848
a cleaner

1795
01:01:24,565 --> 01:01:24,815
once again

1796
01:01:26,968 --> 01:01:27,218
because we got here

1797
01:01:28,703 --> 01:01:28,953
it's gonna be hard

1798
01:01:32,740 --> 01:01:32,990
because of as mentioned the

1799
01:01:34,742 --> 01:01:34,992
the local municipalities just

1800
01:01:35,376 --> 01:01:35,626
seems like every time we fix

1801
01:01:35,943 --> 01:01:36,193
something

1802
01:01:38,479 --> 01:01:38,729
they're the ones that take the

1803
01:01:39,380 --> 01:01:39,630
biggest brunt of it state

1804
01:01:39,914 --> 01:01:40,164
government can take a bigger

1805
01:01:43,251 --> 01:01:43,501
hit and it doesn't matter as

1806
01:01:45,219 --> 01:01:45,469
much but the local government so

1807
01:01:48,456 --> 01:01:48,706
I I I want to see this going

1808
01:01:50,458 --> 01:01:50,708
forward how if if we can make it

1809
01:01:51,259 --> 01:01:51,509
happen but I think it's a lot

1810
01:01:52,727 --> 01:01:52,977
cleaner than we're going to tax

1811
01:01:53,461 --> 01:01:53,711
you and then we're going to give

1812
01:01:54,529 --> 01:01:54,779
you something back through a

1813
01:01:55,196 --> 01:01:55,446
credit

1814
01:01:57,064 --> 01:01:57,314
and also it

1815
01:02:00,935 --> 01:02:01,185
the farm equipment is not the

1816
01:02:01,602 --> 01:02:01,852
only thing that

1817
01:02:03,004 --> 01:02:03,254
is not you know, no backhoe

1818
01:02:05,239 --> 01:02:05,489
should be

1819
01:02:09,243 --> 01:02:09,493
you know I I've seen backho's

1820
01:02:09,877 --> 01:02:10,127
you know tram on the road

1821
01:02:15,283 --> 01:02:15,533
you know a short distance but

1822
01:02:16,484 --> 01:02:16,734
generally they're not not on the

1823
01:02:17,251 --> 01:02:17,501
road they're they're being

1824
01:02:20,455 --> 01:02:20,705
hauled and and it doesn't make

1825
01:02:22,723 --> 01:02:22,973
sense that we would tax

1826
01:02:23,224 --> 01:02:23,474
somebody that's doing excavation

1827
01:02:26,461 --> 01:02:26,711
or running a greater you know

1828
01:02:27,161 --> 01:02:27,411
you're not running a grader on a

1829
01:02:27,795 --> 01:02:28,045
on the highway

1830
01:02:31,165 --> 01:02:31,415
so I I I like I like the concept

1831
01:02:31,833 --> 01:02:32,083
but

1832
01:02:34,702 --> 01:02:34,952
it it always seems like the the

1833
01:02:36,671 --> 01:02:36,921
the weight of something like

1834
01:02:37,338 --> 01:02:37,588
this to make it

1835
01:02:38,706 --> 01:02:38,956
make more sense is always

1836
01:02:39,440 --> 01:02:39,690
harder than it would seem

1837
01:02:42,477 --> 01:02:42,727
just like your 2%

1838
01:02:46,547 --> 01:02:46,797
across the board GRT seems

1839
01:02:47,081 --> 01:02:47,331
really simple.

1840
01:02:50,952 --> 01:02:51,202
rilliant ok since I didn't say

1841
01:02:53,421 --> 01:02:53,671
that but someone did

1842
01:02:56,524 --> 01:02:56,774
thank you Mr chairir.

1843
01:02:59,060 --> 01:02:59,310
thank youpresentative questions

1844
01:02:59,727 --> 01:02:59,977
or comments

1845
01:03:02,663 --> 01:03:02,913
if not I I have a couple if you

1846
01:03:03,331 --> 01:03:03,581
don't mind

1847
01:03:03,631 --> 01:03:03,881
yes sir

1848
01:03:09,237 --> 01:03:09,487
so the secretary if she wants

1849
01:03:10,705 --> 01:03:10,955
can explain some of the

1850
01:03:13,007 --> 01:03:13,257
technical issues which may

1851
01:03:14,976 --> 01:03:15,226
contradict not contradict but

1852
01:03:16,711 --> 01:03:16,961
contradict my purpose not

1853
01:03:17,211 --> 01:03:17,461
contradict anything else I don't

1854
01:03:17,879 --> 01:03:18,129
think but

1855
01:03:20,948 --> 01:03:21,198
but just to be fair so we've

1856
01:03:21,582 --> 01:03:21,832
got honesty in what we're doing

1857
01:03:22,250 --> 01:03:22,500
here

1858
01:03:25,253 --> 01:03:25,503
if you don't mind sure no

1859
01:03:26,754 --> 01:03:27,004
secretary you're welcome thank

1860
01:03:28,456 --> 01:03:28,706
you senatorch Mr Chair and

1861
01:03:31,225 --> 01:03:31,475
members I I think it's it's

1862
01:03:32,727 --> 01:03:32,977
been discussed pretty well, I

1863
01:03:33,461 --> 01:03:33,711
think the part that I could try

1864
01:03:34,996 --> 01:03:35,246
to add and clarify for the

1865
01:03:36,531 --> 01:03:36,781
committee is that GRT

1866
01:03:39,000 --> 01:03:39,250
doesn't really work well with

1867
01:03:41,269 --> 01:03:41,519
credits you know the personal

1868
01:03:42,737 --> 01:03:42,987
income tax or the corporate

1869
01:03:44,472 --> 01:03:44,722
income tax are a really good

1870
01:03:46,474 --> 01:03:46,724
vehicle for credits because you

1871
01:03:48,476 --> 01:03:48,726
file once a year you claim your

1872
01:03:50,478 --> 01:03:50,728
credit once a year it's the the

1873
01:03:51,245 --> 01:03:51,495
credit claiming process is more

1874
01:03:52,980 --> 01:03:53,230
burdensome for both the taxpayer

1875
01:03:54,482 --> 01:03:54,732
and the department, but you do

1876
01:03:56,717 --> 01:03:56,967
it once a year GRT usually gets

1877
01:03:58,719 --> 01:03:58,969
paid every month and so what we

1878
01:04:00,688 --> 01:04:00,938
found is there are about3 new

1879
01:04:01,322 --> 01:04:01,572
GRT credits that have been

1880
01:04:02,757 --> 01:04:03,007
enacted in recent years there's

1881
01:04:04,792 --> 01:04:05,042
this this one for ye diesel and

1882
01:04:06,561 --> 01:04:06,811
then there were two related to

1883
01:04:07,228 --> 01:04:07,478
the calfs canyon and her

1884
01:04:07,862 --> 01:04:08,112
r m it ' s eak fires

1885
01:04:10,998 --> 01:04:11,248
and none of them have been used

1886
01:04:12,767 --> 01:04:13,017
very extensively by taxpayers

1887
01:04:13,401 --> 01:04:13,651
like in the latest tax

1888
01:04:15,269 --> 01:04:15,519
expenditure report we had to

1889
01:04:18,739 --> 01:04:18,989
asterisk out the number of

1890
01:04:19,340 --> 01:04:19,590
claims and the amount claimed

1891
01:04:20,975 --> 01:04:21,225
for thisdy diesel credit because

1892
01:04:21,709 --> 01:04:21,959
there were fewer than3 claims.

1893
01:04:25,213 --> 01:04:25,463
so you're you're foregoing

1894
01:04:26,981 --> 01:04:27,231
almost no revenue and almost no

1895
01:04:27,615 --> 01:04:27,865
taxpayers are bothering to use

1896
01:04:28,282 --> 01:04:28,532
it.

1897
01:04:30,485 --> 01:04:30,735
because it's just too

1898
01:04:31,219 --> 01:04:31,469
burdensome. The other problem

1899
01:04:32,954 --> 01:04:33,204
with the credit right now is

1900
01:04:34,722 --> 01:04:34,972
that the way that it's

1901
01:04:35,223 --> 01:04:35,473
structured it's already been

1902
01:04:37,191 --> 01:04:37,441
stated that the seller of the

1903
01:04:38,693 --> 01:04:38,943
die diesel is the one that

1904
01:04:40,461 --> 01:04:40,711
claims it but at the time of

1905
01:04:42,463 --> 01:04:42,713
sale the seller would have to

1906
01:04:43,231 --> 01:04:43,481
collect from the purchaser

1907
01:04:45,233 --> 01:04:45,483
something in writing saying that

1908
01:04:46,501 --> 01:04:46,751
they're going to use it

1909
01:04:48,469 --> 01:04:48,719
primarily for egg and they

1910
01:04:50,471 --> 01:04:50,721
didn't pass on thegRT and

1911
01:04:51,239 --> 01:04:51,489
there's it puts the seller in a

1912
01:04:52,707 --> 01:04:52,957
difficult position to have to

1913
01:04:56,978 --> 01:04:57,228
make sort of make a statement

1914
01:04:59,213 --> 01:04:59,463
to the state that I sold it to

1915
01:05:00,715 --> 01:05:00,965
someone else and they told me

1916
01:05:02,483 --> 01:05:02,733
they intended to use it for ag

1917
01:05:03,184 --> 01:05:03,434
and that's just not something

1918
01:05:04,952 --> 01:05:05,202
that they understand well or are

1919
01:05:06,687 --> 01:05:06,937
really very excited to do

1920
01:05:08,689 --> 01:05:08,939
because they're thinking well, I

1921
01:05:09,457 --> 01:05:09,707
could get audited on this for

1922
01:05:10,925 --> 01:05:11,175
many years and I don't'm not

1923
01:05:12,727 --> 01:05:12,977
gonna have any contact with that

1924
01:05:14,962 --> 01:05:15,212
purchaser anymore so those are

1925
01:05:16,464 --> 01:05:16,714
some of the reasons that the

1926
01:05:18,466 --> 01:05:18,716
current credit doesn't work

1927
01:05:20,468 --> 01:05:20,718
well. I believe the reason you

1928
01:05:22,503 --> 01:05:22,753
all as a body structured as a

1929
01:05:23,137 --> 01:05:23,387
credit was because it allowed

1930
01:05:23,771 --> 01:05:24,021
you to put a cap

1931
01:05:25,239 --> 01:05:25,489
on it and so there was an

1932
01:05:27,241 --> 01:05:27,491
estimated $6 million state

1933
01:05:29,210 --> 01:05:29,460
general fund reduction4 million

1934
01:05:31,212 --> 01:05:31,462
locals but really it's just

1935
01:05:33,181 --> 01:05:33,431
too burdensome to do credits in

1936
01:05:34,949 --> 01:05:35,199
the GRT and we would always

1937
01:05:36,684 --> 01:05:36,934
advise just if you're if you're

1938
01:05:38,719 --> 01:05:38,969
trying to give GRTre if you need

1939
01:05:39,387 --> 01:05:39,637
to do it as a deduction.

1940
01:05:42,690 --> 01:05:42,940
thank you for the clarification

1941
01:05:44,692 --> 01:05:44,942
a couple of comments from from

1942
01:05:46,461 --> 01:05:46,711
myself and I appreciate the

1943
01:05:47,395 --> 01:05:47,645
context that senatorwirth

1944
01:05:50,465 --> 01:05:50,715
provided in regards to the

1945
01:05:51,232 --> 01:05:51,482
recollection of when we passed

1946
01:05:53,234 --> 01:05:53,484
this in 2024 for the first time

1947
01:05:54,702 --> 01:05:54,952
and and and how we're trying to

1948
01:05:57,171 --> 01:05:57,421
improve it if we put a cap on

1949
01:05:59,507 --> 01:05:59,757
it at10 million dollars then how

1950
01:06:00,141 --> 01:06:00,391
close have we

1951
01:06:03,211 --> 01:06:03,461
how close have we got to that10

1952
01:06:03,845 --> 01:06:04,095
million dollars today.

1953
01:06:07,181 --> 01:06:07,431
Chairman

1954
01:06:10,952 --> 01:06:11,202
I can't even tell you the amount

1955
01:06:11,652 --> 01:06:11,902
that's been claimed because

1956
01:06:13,221 --> 01:06:13,471
fewer than3 taxpayers have

1957
01:06:15,223 --> 01:06:15,473
claimed it it's a very very very

1958
01:06:17,225 --> 01:06:17,475
small amount but to protect tax

1959
01:06:18,993 --> 01:06:19,243
that's how small it is to

1960
01:06:20,995 --> 01:06:21,245
protect confidentiality of the

1961
01:06:22,730 --> 01:06:22,980
taxpayers they can't even

1962
01:06:23,264 --> 01:06:23,514
disclose that amount it's very

1963
01:06:25,233 --> 01:06:25,483
small. OK appreciate that and

1964
01:06:26,934 --> 01:06:27,184
and and maybe this is a question

1965
01:06:27,568 --> 01:06:27,818
for

1966
01:06:28,770 --> 01:06:29,020
our our

1967
01:06:34,709 --> 01:06:34,959
offroad vehicle expert Mr

1968
01:06:36,944 --> 01:06:37,194
Ishmael Torres what did we know

1969
01:06:38,946 --> 01:06:39,196
that the price of a gallon is

1970
01:06:40,715 --> 01:06:40,965
that is that how they sold the

1971
01:06:41,349 --> 01:06:41,599
price of a gallon of diet diesel

1972
01:06:43,217 --> 01:06:43,467
what's the price today versus

1973
01:06:44,986 --> 01:06:45,236
what's the I mean, I just saw

1974
01:06:47,221 --> 01:06:47,471
coming up to Santay the price of

1975
01:06:49,223 --> 01:06:49,473
diesel at the pump is 625.

1976
01:06:50,758 --> 01:06:51,008
what's the price of a diet

1977
01:06:51,292 --> 01:06:51,542
diesel gallon?

1978
01:06:54,462 --> 01:06:54,712
uhm Chair, they should be very

1979
01:06:56,697 --> 01:06:56,947
similar if the difference being

1980
01:06:59,233 --> 01:06:59,483
the tax so it at $6 a gallon

1981
01:07:02,470 --> 01:07:02,720
generally for for diesel you're

1982
01:07:03,171 --> 01:07:03,421
gonna have die diesel more

1983
01:07:03,738 --> 01:07:03,988
expensive than

1984
01:07:05,239 --> 01:07:05,489
what you might see at the pump

1985
01:07:11,179 --> 01:07:11,429
and so being that in 2024 this

1986
01:07:14,749 --> 01:07:14,999
was caps we said capped

1987
01:07:16,717 --> 01:07:16,967
capped to ag right and so this

1988
01:07:18,719 --> 01:07:18,969
was the intent was that we're

1989
01:07:19,353 --> 01:07:19,603
going to help the farmers and

1990
01:07:21,255 --> 01:07:21,505
the and the ranchers of this

1991
01:07:23,491 --> 01:07:23,741
state it's kept to ag at10

1992
01:07:24,058 --> 01:07:24,308
million dollars.

1993
01:07:26,994 --> 01:07:27,244
and now we're looking to expand

1994
01:07:28,529 --> 01:07:28,779
it to potentially

1995
01:07:33,000 --> 01:07:33,250
for for the general fund for

1996
01:07:34,469 --> 01:07:34,719
year one as I'm reading this

1997
01:07:36,938 --> 01:07:37,188
analysis between16 to26 million

1998
01:07:37,572 --> 01:07:37,822
dollars per year

1999
01:07:39,640 --> 01:07:39,890
that that's that's quite a

2000
01:07:42,743 --> 01:07:42,993
big jump and it's because of its

2001
01:07:44,479 --> 01:07:44,729
expansion to then not only just

2002
01:07:46,481 --> 01:07:46,731
ag but then now construction and

2003
01:07:48,716 --> 01:07:48,966
all offroad vehicles so then if

2004
01:07:50,718 --> 01:07:50,968
that if that's the case then is

2005
01:07:52,520 --> 01:07:52,770
there a residency requirement to

2006
01:07:53,187 --> 01:07:53,437
participate in this

2007
01:07:56,724 --> 01:07:56,974
No Mr Cha, there's no

2008
01:07:58,960 --> 01:07:59,210
residential and so I guess where

2009
01:07:59,727 --> 01:07:59,977
I'm going with this question is

2010
01:08:00,394 --> 01:08:00,644
that

2011
01:08:02,930 --> 01:08:03,180
in in in the south part of

2012
01:08:04,932 --> 01:08:05,182
the state where Project Jupiter

2013
01:08:07,168 --> 01:08:07,418
is is turning dirt like crazy

2014
01:08:09,203 --> 01:08:09,453
are they gonna receive a large

2015
01:08:12,473 --> 01:08:12,723
what we call it a benefit to

2016
01:08:13,241 --> 01:08:13,491
to to that to that project

2017
01:08:13,841 --> 01:08:14,091
that's going on right now

2018
01:08:19,213 --> 01:08:19,463
m Chair construction activity

2019
01:08:21,282 --> 01:08:21,532
mining activity and all

2020
01:08:23,284 --> 01:08:23,534
commercial activity would also

2021
01:08:25,253 --> 01:08:25,503
receive this as well we

2022
01:08:26,687 --> 01:08:26,937
there's some conversation as

2023
01:08:28,456 --> 01:08:28,706
well about maybe short line

2024
01:08:30,458 --> 01:08:30,708
railroad could there's there's a

2025
01:08:31,259 --> 01:08:31,509
a table in the analysis that

2026
01:08:32,994 --> 01:08:33,244
shows sort of the other sectors

2027
01:08:34,996 --> 01:08:35,246
that would benefit and you

2028
01:08:35,563 --> 01:08:35,813
can you can look at that on page

2029
01:08:36,230 --> 01:08:36,480
three.

2030
01:08:40,468 --> 01:08:40,718
yep and and I saw that but I

2031
01:08:41,202 --> 01:08:41,452
wanted for for the sake of

2032
01:08:42,703 --> 01:08:42,953
conversation purposes to bring

2033
01:08:44,472 --> 01:08:44,722
that up because I I think when

2034
01:08:46,441 --> 01:08:46,691
when we when we did it initially

2035
01:08:48,976 --> 01:08:49,226
the intention was I think right

2036
01:08:49,677 --> 01:08:49,927
right obviously we want to help

2037
01:08:51,245 --> 01:08:51,495
the folks in egg and that it was

2038
01:08:52,980 --> 01:08:53,230
true then as it is today why we

2039
01:08:54,449 --> 01:08:54,699
want to still continue to to

2040
01:08:56,484 --> 01:08:56,734
help them out but as we

2041
01:08:57,018 --> 01:08:57,268
expand it more I you know

2042
01:09:00,455 --> 01:09:00,705
that's fine if if if the

2043
01:09:00,988 --> 01:09:01,238
interest is there and and and

2044
01:09:02,723 --> 01:09:02,973
and the willingness is there

2045
01:09:04,459 --> 01:09:04,709
from this from this legislature

2046
01:09:05,226 --> 01:09:05,476
but you know if that's the case

2047
01:09:07,228 --> 01:09:07,478
and we're we're opening it up to

2048
01:09:08,930 --> 01:09:09,180
to railroads and construction

2049
01:09:11,199 --> 01:09:11,449
and and and to again the the

2050
01:09:12,967 --> 01:09:13,217
project Jupiter folks down down

2051
01:09:14,469 --> 01:09:14,719
south it's gonna be a a huge

2052
01:09:15,103 --> 01:09:15,353
boom and and again take it or

2053
01:09:16,471 --> 01:09:16,721
leave it I'm not trying to

2054
01:09:17,238 --> 01:09:17,488
create any any friction there

2055
01:09:18,739 --> 01:09:18,989
but I'm just saying that

2056
01:09:20,475 --> 01:09:20,725
we're we're talking about some

2057
01:09:21,242 --> 01:09:21,492
some different aspects now than

2058
01:09:22,977 --> 01:09:23,227
what was once initially

2059
01:09:24,479 --> 01:09:24,729
discussed at when we passed

2060
01:09:26,747 --> 01:09:26,997
this as a credit rather than a

2061
01:09:27,381 --> 01:09:27,631
deduction so those are

2062
01:09:30,451 --> 01:09:30,701
those are my questions or or or

2063
01:09:32,453 --> 01:09:32,703
comments to this appreciate it

2064
01:09:34,722 --> 01:09:34,972
Ishmael and that being said

2065
01:09:36,691 --> 01:09:36,941
we'll go back to the senator

2066
01:09:37,291 --> 01:09:37,541
just one more followup could

2067
01:09:39,127 --> 01:09:39,377
could you limit a deduction just

2068
01:09:39,827 --> 01:09:40,077
to ag

2069
01:09:45,266 --> 01:09:45,516
we could certainly put in the

2070
01:09:46,968 --> 01:09:47,218
words and

2071
01:09:49,470 --> 01:09:49,720
it's up to the taxpayer to

2072
01:09:53,307 --> 01:09:53,557
all of them I don't know maybe

2073
01:09:54,976 --> 01:09:55,226
that maybe the secretary should

2074
01:09:56,477 --> 01:09:56,727
be probably be best to answer

2075
01:09:57,145 --> 01:09:57,395
that question

2076
01:10:04,485 --> 01:10:04,735
Thank you Mr Chair and senator.

2077
01:10:05,119 --> 01:10:05,369
yes you could put in the words

2078
01:10:09,323 --> 01:10:09,573
and yes we could audit after the

2079
01:10:11,225 --> 01:10:11,475
fact to have a reasonable

2080
01:10:13,294 --> 01:10:13,544
indication that someone was in

2081
01:10:15,296 --> 01:10:15,546
the ag business and not the

2082
01:10:15,830 --> 01:10:16,080
earth turning or

2083
01:10:16,864 --> 01:10:17,114
off road

2084
01:10:17,365 --> 01:10:17,615
vehicle

2085
01:10:21,269 --> 01:10:21,519
for recreational purposes

2086
01:10:21,836 --> 01:10:22,086
business

2087
01:10:28,709 --> 01:10:28,959
loves it ok appreciate the

2088
01:10:29,343 --> 01:10:29,593
conversation this morning

2089
01:10:29,844 --> 01:10:30,094
Senatorchr thank you for

2090
01:10:30,945 --> 01:10:31,195
stepping in for Senator Sanchez

2091
01:10:33,014 --> 01:10:33,264
hopefully he'll he'll listen

2092
01:10:34,715 --> 01:10:34,965
to this when he when he gets

2093
01:10:37,251 --> 01:10:37,501
time to and to think about

2094
01:10:38,786 --> 01:10:39,036
the the question and comments

2095
01:10:39,454 --> 01:10:39,704
that we proposed this morning.

2096
01:10:40,988 --> 01:10:41,238
thank you for the conversation

2097
01:10:41,656 --> 01:10:41,906
sir.

2098
01:10:45,193 --> 01:10:45,443
next and on behalf of senator

2099
01:10:47,195 --> 01:10:47,445
Mimi Stewart we have sitting in

2100
01:10:48,930 --> 01:10:49,180
her place senator vice

2101
01:10:50,765 --> 01:10:51,015
chairwoman Hamblin who will

2102
01:10:52,967 --> 01:10:53,217
be discussing increasing the

2103
01:10:55,203 --> 01:10:55,453
amount of the new solar market

2104
01:10:58,739 --> 01:10:58,989
development income tax credit

2105
01:11:00,441 --> 01:11:00,691
joining her will be chief of

2106
01:11:01,175 --> 01:11:01,425
staff for senator

2107
01:11:06,447 --> 01:11:06,697
Stewart uhandorors and then we

2108
01:11:09,283 --> 01:11:09,533
also have Jim this jardins

2109
01:11:10,718 --> 01:11:10,968
executive director renewable

2110
01:11:12,720 --> 01:11:12,970
energiesndustry association of

2111
01:11:14,455 --> 01:11:14,705
New Mexico and so vice

2112
01:11:15,189 --> 01:11:15,439
chairwoman whenever you're ready

2113
01:11:15,857 --> 01:11:16,107
the floor is yours now.

2114
01:11:17,158 --> 01:11:17,408
salud

2115
01:11:20,928 --> 01:11:21,178
my goodness it is an allergy day

2116
01:11:23,197 --> 01:11:23,447
here in Santa Fe coming up from

2117
01:11:24,932 --> 01:11:25,182
southern New Mexico the juniper

2118
01:11:27,201 --> 01:11:27,451
is just kicking my rear. thank

2119
01:11:28,936 --> 01:11:29,186
you Mr chair and thank you

2120
01:11:30,705 --> 01:11:30,955
committee and again thank you

2121
01:11:34,709 --> 01:11:34,959
toenate protemstuart for

2122
01:11:36,444 --> 01:11:36,694
asking me to go ahead and step

2123
01:11:38,713 --> 01:11:38,963
in on this before I get

2124
01:11:40,481 --> 01:11:40,731
into the actual bulk of the bill

2125
01:11:41,182 --> 01:11:41,432
I wanna share with you kind of a

2126
01:11:42,750 --> 01:11:43,000
personal story my wife and I

2127
01:11:44,452 --> 01:11:44,702
were very fortunate enough to

2128
01:11:45,153 --> 01:11:45,403
get a solar system put on our

2129
01:11:47,221 --> 01:11:47,471
house about1f years ago and

2130
01:11:51,192 --> 01:11:51,442
we have been able to really

2131
01:11:52,727 --> 01:11:52,977
kind of make our house an energy

2132
01:11:53,428 --> 01:11:53,678
efficient what they call an

2133
01:11:56,464 --> 01:11:56,714
envelope because of in

2134
01:11:58,466 --> 01:11:58,716
many cases the tax credits and

2135
01:11:59,233 --> 01:11:59,483
the reason why we got the solar

2136
01:12:01,202 --> 01:12:01,452
system on our house was because

2137
01:12:02,937 --> 01:12:03,187
of the tax credits at the time

2138
01:12:06,441 --> 01:12:06,691
we got a30% tax deduction

2139
01:12:07,375 --> 01:12:07,625
because of that and the

2140
01:12:09,177 --> 01:12:09,427
system itself was about an18,000

2141
01:12:10,711 --> 01:12:10,961
dollars system and my wife and I

2142
01:12:12,480 --> 01:12:12,730
are very fortunate enough to be

2143
01:12:14,682 --> 01:12:14,932
able to do that but with the

2144
01:12:15,316 --> 01:12:15,566
tax incentives it dropped down

2145
01:12:15,950 --> 01:12:16,200
to12.

2146
01:12:19,153 --> 01:12:19,403
and so that was a $6000 savings

2147
01:12:22,657 --> 01:12:22,907
for us you know the tax

2148
01:12:23,124 --> 01:12:23,374
credit was really what

2149
01:12:25,159 --> 01:12:25,409
incentivized us to get that in

2150
01:12:27,161 --> 01:12:27,411
addition to being able to reduce

2151
01:12:29,163 --> 01:12:29,413
our energy use but you know I

2152
01:12:32,467 --> 01:12:32,717
I think of the individuals that

2153
01:12:33,201 --> 01:12:33,451
live in my community or in my

2154
01:12:34,735 --> 01:12:34,985
neighborhood and those that

2155
01:12:36,704 --> 01:12:36,954
don't have solar on their roofs

2156
01:12:37,405 --> 01:12:37,655
on what they're spending causez

2157
01:12:38,973 --> 01:12:39,223
I can tell you with our house

2158
01:12:41,142 --> 01:12:41,392
with a refrigerated air unit our

2159
01:12:43,177 --> 01:12:43,427
average bill is about45 dollars

2160
01:12:43,845 --> 01:12:44,095
during peak summer.

2161
01:12:47,281 --> 01:12:47,531
and so we're really lucky to

2162
01:12:50,485 --> 01:12:50,735
have that savings and I'm really

2163
01:12:52,720 --> 01:12:52,970
passionate about making sure

2164
01:12:53,321 --> 01:12:53,571
that everybody who can afford

2165
01:12:54,689 --> 01:12:54,939
that and making it affordable

2166
01:12:56,691 --> 01:12:56,941
for everybody but also full

2167
01:12:58,659 --> 01:12:58,909
transparency in my job I have

2168
01:13:00,661 --> 01:13:00,911
several solar companies who

2169
01:13:02,697 --> 01:13:02,947
are members and knowing these I

2170
01:13:04,465 --> 01:13:04,715
run the Las Ccruces Greenchamber

2171
01:13:05,199 --> 01:13:05,449
of Commerce and we talk about

2172
01:13:06,734 --> 01:13:06,984
the importance of renewable

2173
01:13:08,436 --> 01:13:08,686
energy in addition to supporting

2174
01:13:10,705 --> 01:13:10,955
local businesses and the local

2175
01:13:11,339 --> 01:13:11,589
solar companies that we have

2176
01:13:12,974 --> 01:13:13,224
inpresentative Gallegos and I

2177
01:13:14,475 --> 01:13:14,725
know several of those folks

2178
01:13:15,042 --> 01:13:15,292
they're really good

2179
01:13:18,446 --> 01:13:18,696
about informing people of the

2180
01:13:19,280 --> 01:13:19,530
tax credits that are available

2181
01:13:20,748 --> 01:13:20,998
because that's their job they

2182
01:13:22,984 --> 01:13:23,234
are trying to sell a system but

2183
01:13:24,952 --> 01:13:25,202
also make it as affordable as

2184
01:13:27,188 --> 01:13:27,438
possible understanding the tax

2185
01:13:28,923 --> 01:13:29,173
breaks that happen but this

2186
01:13:31,459 --> 01:13:31,709
built today is in response to

2187
01:13:32,960 --> 01:13:33,210
the federal credits being

2188
01:13:34,762 --> 01:13:35,012
removed and that was one of

2189
01:13:36,964 --> 01:13:37,214
the benefits for us back 15

2190
01:13:38,699 --> 01:13:38,949
years ago was the the federal

2191
01:13:40,968 --> 01:13:41,218
tax credit that existed and it's

2192
01:13:43,438 --> 01:13:43,688
been since removed New Mexico

2193
01:13:44,505 --> 01:13:44,755
has a10% solar

2194
01:13:47,208 --> 01:13:47,458
tax credit for solar

2195
01:13:50,711 --> 01:13:50,961
installations and the maximum

2196
01:13:52,947 --> 01:13:53,197
is 6000 for residential and for

2197
01:13:54,982 --> 01:13:55,232
small businesses and agriculture

2198
01:13:57,185 --> 01:13:57,435
owners and the maximum is30

2199
01:13:58,986 --> 01:13:59,236
million a year for the state 9

2200
01:14:00,688 --> 01:14:00,938
million has been historically

2201
01:14:01,456 --> 01:14:01,706
used and this the point of this

2202
01:14:03,257 --> 01:14:03,507
bill is to increase the tax

2203
01:14:04,992 --> 01:14:05,242
credit at the state level since

2204
01:14:05,660 --> 01:14:05,910
we don't have it at the federal

2205
01:14:06,294 --> 01:14:06,544
level

2206
01:14:09,197 --> 01:14:09,447
at the federal level before

2207
01:14:11,199 --> 01:14:11,449
that expired in 2025. it was

2208
01:14:13,201 --> 01:14:13,451
a30% solar tax credit and the

2209
01:14:14,969 --> 01:14:15,219
New Mexico solar industry lost

2210
01:14:16,971 --> 01:14:17,221
an estimated 20% of jobs since

2211
01:14:19,207 --> 01:14:19,457
the solar tax credit expired and

2212
01:14:20,942 --> 01:14:21,192
in my community that's certainly

2213
01:14:21,642 --> 01:14:21,892
evident as well.

2214
01:14:24,479 --> 01:14:24,729
now we talk about us as the

2215
01:14:25,213 --> 01:14:25,463
sunshine state and how we're

2216
01:14:27,215 --> 01:14:27,465
very proud of the350 days of

2217
01:14:28,516 --> 01:14:28,766
sunlight that we have a year.

2218
01:14:33,421 --> 01:14:33,671
today almost included but

2219
01:14:34,956 --> 01:14:35,206
what we're asking for and this

2220
01:14:36,691 --> 01:14:36,941
has been a conversation that the

2221
01:14:38,459 --> 01:14:38,709
prote has been really

2222
01:14:39,193 --> 01:14:39,443
championing for the last couple

2223
01:14:42,430 --> 01:14:42,680
of years is to bring back that

2224
01:14:43,164 --> 01:14:43,414
other part that we lost in the

2225
01:14:46,467 --> 01:14:46,717
federal portion of that but

2226
01:14:47,235 --> 01:14:47,485
also make up for some of the

2227
01:14:48,936 --> 01:14:49,186
money that has been lost since

2228
01:14:52,440 --> 01:14:52,690
then and so this would be to

2229
01:14:53,174 --> 01:14:53,424
increase the state tax credit to

2230
01:14:56,677 --> 01:14:56,927
25% include battery storage

2231
01:14:58,479 --> 01:14:58,729
systems which full disclosure we

2232
01:14:59,147 --> 01:14:59,397
are thinking of now

2233
01:15:02,683 --> 01:15:02,933
just because of at the southern

2234
01:15:03,384 --> 01:15:03,634
part of our border worried about

2235
01:15:04,051 --> 01:15:04,301
electric rates going up.

2236
01:15:07,188 --> 01:15:07,438
and also where we are in terms

2237
01:15:09,390 --> 01:15:09,640
of our electricity usage. the

2238
01:15:11,125 --> 01:15:11,375
max individual tax credit would

2239
01:15:14,462 --> 01:15:14,712
be capped at15,000 and I'm sorry

2240
01:15:15,163 --> 01:15:15,413
I want to correct this because

2241
01:15:16,931 --> 01:15:17,181
Jim let me know that

2242
01:15:18,433 --> 01:15:18,683
actually the solar industry

2243
01:15:21,169 --> 01:15:21,419
lost40% of jobs not 2. that is a

2244
01:15:22,503 --> 01:15:22,753
significant change so thank you

2245
01:15:23,171 --> 01:15:23,421
for that correction

2246
01:15:26,741 --> 01:15:26,991
the anticipated fiscal impact

2247
01:15:29,210 --> 01:15:29,460
on high end would be17.1 million

2248
01:15:32,914 --> 01:15:33,164
a year and this is based on3,430

2249
01:15:34,949 --> 01:15:35,199
claims which is the actual claim

2250
01:15:36,951 --> 01:15:37,201
increase of5,000 dollars due to

2251
01:15:38,453 --> 01:15:38,703
the increased capacity in

2252
01:15:40,688 --> 01:15:40,938
additional energy storage and

2253
01:15:43,191 --> 01:15:43,441
then the it would also have

2254
01:15:44,959 --> 01:15:45,209
no change to the sunset of the

2255
01:15:46,961 --> 01:15:47,211
tax credit in 2032, so there is

2256
01:15:49,197 --> 01:15:49,447
a there isn't a sunset day

2257
01:15:50,765 --> 01:15:51,015
but really what it is the

2258
01:15:52,467 --> 01:15:52,717
overall importance of this and

2259
01:15:53,167 --> 01:15:53,417
and Sanders and and J

2260
01:15:56,471 --> 01:15:56,721
im can correct me or or fill

2261
01:15:58,473 --> 01:15:58,723
in where I'm missing but this is

2262
01:16:00,708 --> 01:16:00,958
really to for for two things to

2263
01:16:02,443 --> 01:16:02,693
incentivize people to be able to

2264
01:16:04,445 --> 01:16:04,695
everydayme everyday New Mexicans

2265
01:16:06,481 --> 01:16:06,731
to be able to consider buying a

2266
01:16:07,215 --> 01:16:07,465
solar system to reduce their

2267
01:16:08,716 --> 01:16:08,966
energy use, especially when

2268
01:16:09,317 --> 01:16:09,567
we've been talking about the

2269
01:16:10,985 --> 01:16:11,235
cost of gas right now we're

2270
01:16:12,720 --> 01:16:12,970
talking about the guest of the

2271
01:16:14,455 --> 01:16:14,705
cost of food and we don't want

2272
01:16:15,189 --> 01:16:15,439
people having to decide whether

2273
01:16:16,691 --> 01:16:16,941
or not to cool their homes or

2274
01:16:17,325 --> 01:16:17,575
put food on their table when

2275
01:16:18,960 --> 01:16:19,210
they can't pay their utility

2276
01:16:20,795 --> 01:16:21,045
bills but also it's to help

2277
01:16:22,530 --> 01:16:22,780
an industry that we should be

2278
01:16:23,197 --> 01:16:23,447
supporting that

2279
01:16:24,932 --> 01:16:25,182
we should be talking about when

2280
01:16:27,201 --> 01:16:27,451
we talk about you know the

2281
01:16:29,237 --> 01:16:29,487
impact that oil and gas has had

2282
01:16:30,972 --> 01:16:31,222
on our state budget and also

2283
01:16:32,673 --> 01:16:32,923
trying to diversify that and

2284
01:16:34,709 --> 01:16:34,959
bring in renewable energy for

2285
01:16:36,944 --> 01:16:37,194
crying out loud we have350 days

2286
01:16:38,713 --> 01:16:38,963
of sunshine a year. why are we

2287
01:16:40,481 --> 01:16:40,731
not supporting this and also

2288
01:16:41,215 --> 01:16:41,465
being champions and that as

2289
01:16:42,950 --> 01:16:43,200
equally as we are for the other

2290
01:16:44,685 --> 01:16:44,935
resources that we have and this

2291
01:16:46,687 --> 01:16:46,937
is really a great opportunity to

2292
01:16:49,157 --> 01:16:49,407
do that and so I do hope that

2293
01:16:50,992 --> 01:16:51,242
we are able to push this

2294
01:16:52,527 --> 01:16:52,777
through I'll be a cosponsor with

2295
01:16:53,194 --> 01:16:53,444
Senator Stewart

2296
01:16:55,463 --> 01:16:55,713
on this bill but appreciate

2297
01:16:56,998 --> 01:16:57,248
any feedback from the committee

2298
01:16:58,966 --> 01:16:59,216
at this point on this bill and

2299
01:17:01,202 --> 01:17:01,452
also give Sanders and Jim an

2300
01:17:02,670 --> 01:17:02,920
opportunity to say a few words

2301
01:17:03,337 --> 01:17:03,587
before we turn to the committee

2302
01:17:08,443 --> 01:17:08,693
sanders good morning good

2303
01:17:09,177 --> 01:17:09,427
morning Mrir members of the

2304
01:17:10,912 --> 01:17:11,162
committee I'msners moreore I'm

2305
01:17:12,713 --> 01:17:12,963
chief of staff to Proim Stewart

2306
01:17:14,715 --> 01:17:14,965
and she has been working on this

2307
01:17:16,918 --> 01:17:17,168
legislation for a while we've

2308
01:17:19,153 --> 01:17:19,403
seen it come and go and I I just

2309
01:17:20,688 --> 01:17:20,938
actually wanted to add to

2310
01:17:22,423 --> 01:17:22,673
Senator Hamblin's personal

2311
01:17:23,424 --> 01:17:23,674
story, I also put solar panels

2312
01:17:25,159 --> 01:17:25,409
on my house when we purchased it

2313
01:17:27,161 --> 01:17:27,411
the state tax credit did not

2314
01:17:29,197 --> 01:17:29,447
exist but the federal tax credit

2315
01:17:31,165 --> 01:17:31,415
did, I was working for a

2316
01:17:33,201 --> 01:17:33,451
nonprofit making piddily little

2317
01:17:33,868 --> 01:17:34,118
salary, I will say

2318
01:17:36,437 --> 01:17:36,687
that my husband was a grad

2319
01:17:38,673 --> 01:17:38,923
student at UNM also making a

2320
01:17:40,441 --> 01:17:40,691
piddly celery when we put the

2321
01:17:41,476 --> 01:17:41,726
solar panels in our house but it

2322
01:17:43,177 --> 01:17:43,427
took our400 dollars summer

2323
01:17:46,981 --> 01:17:47,231
bill which was a shock coming

2324
01:17:48,683 --> 01:17:48,933
from a tiny apartment to a

2325
01:17:50,651 --> 01:17:50,901
slightly larger house and we

2326
01:17:52,653 --> 01:17:52,903
didn't have to pay anything

2327
01:17:54,922 --> 01:17:55,172
at the time in our except for to

2328
01:17:56,491 --> 01:17:56,741
connect to the grid it's $8 at

2329
01:17:57,191 --> 01:17:57,441
the time to connect to p andM's

2330
01:17:59,127 --> 01:17:59,377
grid and now with the increasing

2331
01:17:59,794 --> 01:18:00,044
cost I will say that

2332
01:18:02,730 --> 01:18:02,980
the system was sized when there

2333
01:18:03,464 --> 01:18:03,714
were only two of us, we now have

2334
01:18:04,966 --> 01:18:05,216
two children so it's not quite

2335
01:18:06,701 --> 01:18:06,951
the right size for us anymore,

2336
01:18:08,970 --> 01:18:09,220
but it is still kept our

2337
01:18:10,972 --> 01:18:11,222
solar our our electric bills

2338
01:18:12,440 --> 01:18:12,690
steady this summer and

2339
01:18:14,675 --> 01:18:14,925
manageable when I have been seen

2340
01:18:16,711 --> 01:18:16,961
on so many websites and social

2341
01:18:18,713 --> 01:18:18,963
media that the spike in prices

2342
01:18:20,715 --> 01:18:20,965
and so I'm really grateful that

2343
01:18:22,717 --> 01:18:22,967
we were able to do that it

2344
01:18:24,952 --> 01:18:25,202
made a huge difference in our

2345
01:18:26,954 --> 01:18:27,204
we were we were not making as

2346
01:18:28,723 --> 01:18:28,973
much as we are now to have that

2347
01:18:29,390 --> 01:18:29,640
stability in our in our electric

2348
01:18:30,057 --> 01:18:30,307
bills

2349
01:18:32,927 --> 01:18:33,177
so I just wanted to add that

2350
01:18:34,462 --> 01:18:34,712
from a personal perspective

2351
01:18:35,196 --> 01:18:35,446
it has made a huge a huge

2352
01:18:38,966 --> 01:18:39,216
difference and the addition

2353
01:18:40,501 --> 01:18:40,751
here in Jim can add some is that

2354
01:18:43,171 --> 01:18:43,421
my understanding is that Imner

2355
01:18:44,906 --> 01:18:45,156
has actually been asking for the

2356
01:18:46,741 --> 01:18:46,991
addition of the storage systems

2357
01:18:48,709 --> 01:18:48,959
more more homeowners are adding

2358
01:18:50,445 --> 01:18:50,695
the storage and it's actually

2359
01:18:51,078 --> 01:18:51,328
been I think an administrative

2360
01:18:57,501 --> 01:18:57,751
challenge to sort out the solar

2361
01:18:59,220 --> 01:18:59,470
the batteries from the solar

2362
01:19:02,457 --> 01:19:02,707
system to just provide the tax

2363
01:19:04,425 --> 01:19:04,675
credit on the solar piece of

2364
01:19:05,226 --> 01:19:05,476
those installations not

2365
01:19:06,727 --> 01:19:06,977
everybody is adding the battery

2366
01:19:08,696 --> 01:19:08,946
system with this s the solar

2367
01:19:10,698 --> 01:19:10,948
panels but there has been

2368
01:19:13,000 --> 01:19:13,250
more of an up an uptake in that

2369
01:19:14,969 --> 01:19:15,219
as well and that is why this has

2370
01:19:16,671 --> 01:19:16,921
been added to the proposal for

2371
01:19:18,439 --> 01:19:18,689
this year and I'm here to answer

2372
01:19:19,140 --> 01:19:19,390
any questions.

2373
01:19:19,507 --> 01:19:19,757
thank you Mr Chairders

2374
01:19:22,677 --> 01:19:22,927
pretty much

2375
01:19:26,681 --> 01:19:26,931
chairmanentnte members of the

2376
01:19:28,449 --> 01:19:28,699
committee Jim Dehordin I'm the

2377
01:19:29,050 --> 01:19:29,300
executive director of the

2378
01:19:29,584 --> 01:19:29,834
renewable energyndustry

2379
01:19:32,920 --> 01:19:33,170
association of New Mexico

2380
01:19:34,722 --> 01:19:34,972
just a couple of few points here

2381
01:19:36,457 --> 01:19:36,707
the solar industry in

2382
01:19:38,693 --> 01:19:38,943
Newexxico employs 2100 people

2383
01:19:40,728 --> 01:19:40,978
but it's still in its infancy

2384
01:19:41,362 --> 01:19:41,612
and there's a lot of room for

2385
01:19:43,231 --> 01:19:43,481
growth and so what we want to do

2386
01:19:46,701 --> 01:19:46,951
is to keep that growth going

2387
01:19:49,170 --> 01:19:49,420
as was mentioned in 20

2388
01:19:52,673 --> 01:19:52,923
twenty5 the one big beautiful

2389
01:19:53,341 --> 01:19:53,591
bill eliminated the thir0

2390
01:19:54,976 --> 01:19:55,226
% federal tax credit for

2391
01:19:56,978 --> 01:19:57,228
residential solar systems

2392
01:19:58,679 --> 01:19:58,929
effective at the end of the year

2393
01:19:59,447 --> 01:19:59,697
so I put the industry in a

2394
01:20:02,483 --> 01:20:02,733
really bad spot. and there

2395
01:20:03,251 --> 01:20:03,501
has been a lot of layoffs some

2396
01:20:05,219 --> 01:20:05,469
of our members have been very

2397
01:20:06,954 --> 01:20:07,204
resourceful they're small

2398
01:20:08,723 --> 01:20:08,973
business people and they've kind

2399
01:20:10,458 --> 01:20:10,708
of branched out into other areas

2400
01:20:12,693 --> 01:20:12,943
so give them credit for that

2401
01:20:14,695 --> 01:20:14,945
also want to say that one of the

2402
01:20:16,464 --> 01:20:16,714
advantages of residential solar

2403
01:20:18,466 --> 01:20:18,716
and that's what this bill is

2404
01:20:21,202 --> 01:20:21,452
geared towards is that it is

2405
01:20:22,637 --> 01:20:22,887
basically on built environments

2406
01:20:23,304 --> 01:20:23,554
so

2407
01:20:25,006 --> 01:20:25,256
they're not big solar fields

2408
01:20:27,175 --> 01:20:27,425
that some people object to they

2409
01:20:28,943 --> 01:20:29,193
also because they're at the

2410
01:20:30,945 --> 01:20:31,195
point of usage they're more

2411
01:20:32,980 --> 01:20:33,230
efficient and also very

2412
01:20:34,982 --> 01:20:35,232
importantly is that residential

2413
01:20:36,918 --> 01:20:37,168
solar companies employed local

2414
01:20:38,953 --> 01:20:39,203
people and it's a steady ongoing

2415
01:20:40,721 --> 01:20:40,971
business it's not just a big

2416
01:20:41,355 --> 01:20:41,605
project to hire a bunch of

2417
01:20:43,191 --> 01:20:43,441
people project is done and then

2418
01:20:46,694 --> 01:20:46,944
it's over to get into the

2419
01:20:50,465 --> 01:20:50,715
actual impact one of the

2420
01:20:52,633 --> 01:20:52,883
numbers that we used last year

2421
01:20:53,301 --> 01:20:53,551
Mner processed

2422
01:20:56,671 --> 01:20:56,921
2595 solar tax applications

2423
01:21:00,441 --> 01:21:00,691
this year to date to date was

2424
01:21:04,712 --> 01:21:04,962
the end of august460. so you can

2425
01:21:06,948 --> 01:21:07,198
see the real impact that is

2426
01:21:07,615 --> 01:21:07,865
going on in our industry

2427
01:21:11,185 --> 01:21:11,435
also want to say if you do look

2428
01:21:14,455 --> 01:21:14,705
at the fiscal impact we did use

2429
01:21:15,189 --> 01:21:15,439
some of the numbers from the tax

2430
01:21:18,459 --> 01:21:18,709
and revenue department but

2431
01:21:21,162 --> 01:21:21,412
there are some different ways

2432
01:21:22,930 --> 01:21:23,180
you could look at that and if

2433
01:21:24,432 --> 01:21:24,682
there's any questions on that

2434
01:21:26,667 --> 01:21:26,917
I'm happy to to go into that

2435
01:21:28,669 --> 01:21:28,919
that was really what I the

2436
01:21:29,237 --> 01:21:29,487
points I wanted to make and

2437
01:21:29,771 --> 01:21:30,021
thank you very much for the

2438
01:21:30,338 --> 01:21:30,588
opportunity.

2439
01:21:33,174 --> 01:21:33,424
thank you Jim thank you senator

2440
01:21:34,442 --> 01:21:34,692
anything else toad if not we'll

2441
01:21:36,711 --> 01:21:36,961
come to the committee Chair and

2442
01:21:39,247 --> 01:21:39,497
committee you know also as I

2443
01:21:40,715 --> 01:21:40,965
stated when we've had our solar

2444
01:21:42,950 --> 01:21:43,200
system for about1f years and one

2445
01:21:44,452 --> 01:21:44,702
of the things that we were

2446
01:21:45,052 --> 01:21:45,302
considering was whether or not

2447
01:21:46,454 --> 01:21:46,704
it was worth it to buy a battery

2448
01:21:47,188 --> 01:21:47,438
and about5 years ago it wasn't

2449
01:21:49,190 --> 01:21:49,440
worth it to buy a battery now

2450
01:21:50,925 --> 01:21:51,175
it's worth it to buy a battery

2451
01:21:53,194 --> 01:21:53,444
and so you know when we talk

2452
01:21:55,229 --> 01:21:55,479
about bringing in the storage

2453
01:21:57,465 --> 01:21:57,715
opportunities for our solar I

2454
01:21:59,000 --> 01:21:59,250
can certainly see that those of

2455
01:22:00,568 --> 01:22:00,818
us who were kind of early

2456
01:22:01,102 --> 01:22:01,352
adopters to so

2457
01:22:03,137 --> 01:22:03,387
lar systems on our house are

2458
01:22:04,539 --> 01:22:04,789
going to be looking at those

2459
01:22:05,239 --> 01:22:05,489
batteries as well.

2460
01:22:08,443 --> 01:22:08,693
I look forward to the

2461
01:22:08,943 --> 01:22:09,193
conversation, Mister Chair. Very

2462
01:22:09,644 --> 01:22:09,894
good.ppreciate the conversation

2463
01:22:10,311 --> 01:22:10,561
we started

2464
01:22:12,713 --> 01:22:12,963
coming back to the committee

2465
01:22:13,347 --> 01:22:13,597
let's go then to Representative

2466
01:22:14,015 --> 01:22:14,265
Duncan.

2467
01:22:16,651 --> 01:22:16,901
thank you Mr Chair

2468
01:22:17,085 --> 01:22:17,335
in

2469
01:22:20,922 --> 01:22:21,172
senator in this the bill we

2470
01:22:22,457 --> 01:22:22,707
passed a couple of years ago did

2471
01:22:23,191 --> 01:22:23,441
that have anything to do with

2472
01:22:25,026 --> 01:22:25,276
keeping it to low income

2473
01:22:25,560 --> 01:22:25,810
families

2474
01:22:26,627 --> 01:22:26,877
or

2475
01:22:31,099 --> 01:22:31,349
what's the limit that a person

2476
01:22:31,766 --> 01:22:32,016
could get this

2477
01:22:36,437 --> 01:22:36,687
thank you very much Chairman

2478
01:22:39,240 --> 01:22:39,490
Lentte umpresentative Duncan so

2479
01:22:41,008 --> 01:22:41,258
when the bill was and there's

2480
01:22:42,443 --> 01:22:42,693
been a number of different

2481
01:22:43,244 --> 01:22:43,494
itineations of this bill in

2482
01:22:44,979 --> 01:22:45,229
terms of extending it and I

2483
01:22:46,681 --> 01:22:46,931
think it was the most recent one

2484
01:22:49,016 --> 01:22:49,266
that made the tax credit

2485
01:22:50,718 --> 01:22:50,968
refundable for people who did

2486
01:22:52,453 --> 01:22:52,703
not have sufficient tax

2487
01:22:54,522 --> 01:22:54,772
liability to claim an actual tax

2488
01:22:55,189 --> 01:22:55,439
credit.

2489
01:22:58,426 --> 01:22:58,676
thanks for that Mr Cha but

2490
01:23:01,162 --> 01:23:01,412
could I mean if I let's just

2491
01:23:02,730 --> 01:23:02,980
say I' in half a million

2492
01:23:03,297 --> 01:23:03,547
dollars, could I go ahead and

2493
01:23:04,465 --> 01:23:04,715
get this

2494
01:23:05,166 --> 01:23:05,416
credit

2495
01:23:07,201 --> 01:23:07,451
ok that's what I want to know.

2496
01:23:09,203 --> 01:23:09,453
thanks for that and and senator

2497
01:23:10,938 --> 01:23:11,188
how long you said you've had

2498
01:23:12,940 --> 01:23:13,190
yours1f years. how much longer

2499
01:23:14,475 --> 01:23:14,725
do you think you'll have yours?

2500
01:23:15,176 --> 01:23:15,426
I believe that we will have it

2501
01:23:16,677 --> 01:23:16,927
for at least another15 years.

2502
01:23:18,980 --> 01:23:19,230
Our system our inverter is

2503
01:23:21,182 --> 01:23:21,432
still in top shape which

2504
01:23:22,984 --> 01:23:23,234
we haven't had to change out yet

2505
01:23:24,719 --> 01:23:24,969
and the panels that we did we

2506
01:23:25,353 --> 01:23:25,603
did a lot of research and and

2507
01:23:28,689 --> 01:23:28,939
found that we got we invested

2508
01:23:30,458 --> 01:23:30,708
the money in the panels that

2509
01:23:31,225 --> 01:23:31,475
still in their last 15 years

2510
01:23:32,460 --> 01:23:32,710
even with hail storms haven't

2511
01:23:34,762 --> 01:23:35,012
been damaged so you know I

2512
01:23:35,296 --> 01:23:35,546
always encourage people when

2513
01:23:36,731 --> 01:23:36,981
they're spending that much money

2514
01:23:38,433 --> 01:23:38,683
on something to do a lot of

2515
01:23:40,435 --> 01:23:40,685
research because I don't

2516
01:23:41,235 --> 01:23:41,485
endorse a particular company but

2517
01:23:43,204 --> 01:23:43,454
I always endorse doing your your

2518
01:23:44,705 --> 01:23:44,955
your research on it and so my

2519
01:23:46,741 --> 01:23:46,991
wife and I did and we've been

2520
01:23:47,375 --> 01:23:47,625
very very fortunate with our

2521
01:23:48,042 --> 01:23:48,292
system.

2522
01:23:50,478 --> 01:23:50,728
and when I pay that electric

2523
01:23:51,245 --> 01:23:51,495
bill of45 dollars in the middle

2524
01:23:52,947 --> 01:23:53,197
of July. I'm very happy about

2525
01:23:56,451 --> 01:23:56,701
doing that'll bet you are thank

2526
01:23:57,185 --> 01:23:57,435
you one last question and we

2527
01:23:59,220 --> 01:23:59,470
resolved how if I put that on

2528
01:24:04,459 --> 01:24:04,709
there on my house and then

2529
01:24:06,461 --> 01:24:06,711
my wife decides next week that

2530
01:24:08,963 --> 01:24:09,213
we want to sell and and I still

2531
01:24:10,465 --> 01:24:10,715
owe and I'm paying making

2532
01:24:11,065 --> 01:24:11,315
payments on that have we

2533
01:24:13,234 --> 01:24:13,484
resolved that yet then for those

2534
01:24:16,504 --> 01:24:16,754
who who didn't have the money to

2535
01:24:17,171 --> 01:24:17,421
write a check for this

2536
01:24:20,908 --> 01:24:21,158
yeah thank you very much

2537
01:24:22,677 --> 01:24:22,927
Chairman Lentte umpresentative

2538
01:24:24,679 --> 01:24:24,929
Duncan so there's different ways

2539
01:24:26,681 --> 01:24:26,931
that you can put solar on your

2540
01:24:28,483 --> 01:24:28,733
home some people are

2541
01:24:28,950 --> 01:24:29,200
fortunate to be in a position

2542
01:24:31,185 --> 01:24:31,435
they just write a check. also

2543
01:24:32,954 --> 01:24:33,204
other people will take out a

2544
01:24:33,621 --> 01:24:33,871
loan and there's just different

2545
01:24:35,223 --> 01:24:35,473
kinds of loans there are a

2546
01:24:38,493 --> 01:24:38,743
loan from Nunda which requires

2547
01:24:40,461 --> 01:24:40,711
no lien on your property. Other

2548
01:24:41,229 --> 01:24:41,479
people might take out a second

2549
01:24:42,930 --> 01:24:43,180
mortgage which would have alien

2550
01:24:44,732 --> 01:24:44,982
on your property. Then there's

2551
01:24:46,901 --> 01:24:47,151
also third party ownership so

2552
01:24:47,568 --> 01:24:47,818
in other words another company

2553
01:24:50,938 --> 01:24:51,188
actually owns a solar system and

2554
01:24:52,707 --> 01:24:52,957
then you are either leasing or

2555
01:24:54,442 --> 01:24:54,692
doing a what we call a power

2556
01:24:56,677 --> 01:24:56,927
purchase agreement. So in those

2557
01:24:58,446 --> 01:24:58,696
instances where there's either a

2558
01:25:00,681 --> 01:25:00,931
leen or there is I forget what

2559
01:25:02,450 --> 01:25:02,700
they call it but there is

2560
01:25:03,151 --> 01:25:03,401
something similar to a leen a

2561
01:25:04,719 --> 01:25:04,969
third party ownership company

2562
01:25:06,454 --> 01:25:06,704
puts on there that does need to

2563
01:25:08,556 --> 01:25:08,806
be resolved at the time that a

2564
01:25:09,223 --> 01:25:09,473
home is sale is sold.

2565
01:25:11,426 --> 01:25:11,676
thanks for that Mr Chair and

2566
01:25:12,727 --> 01:25:12,977
that's that's our concern I

2567
01:25:14,462 --> 01:25:14,712
think we heard that a couple of

2568
01:25:16,697 --> 01:25:16,947
years ago you know as people

2569
01:25:18,466 --> 01:25:18,716
got older and they needed to

2570
01:25:19,200 --> 01:25:19,450
sell their home and and downsize

2571
01:25:21,202 --> 01:25:21,452
they had to pay that off and so

2572
01:25:22,937 --> 01:25:23,187
they didn't get near as much for

2573
01:25:23,604 --> 01:25:23,854
their home and so that's what I

2574
01:25:24,739 --> 01:25:24,989
was wondering about if there was

2575
01:25:26,741 --> 01:25:26,991
a way that that that go could go

2576
01:25:29,243 --> 01:25:29,493
to the new owner or does that

2577
01:25:30,445 --> 01:25:30,695
individual have to pay it and

2578
01:25:31,245 --> 01:25:31,495
then all of a sudden they're

2579
01:25:34,749 --> 01:25:34,999
they're net value just

2580
01:25:36,717 --> 01:25:36,967
decreased by half of that what

2581
01:25:37,351 --> 01:25:37,601
they're going to get in return

2582
01:25:38,686 --> 01:25:38,936
so that that's my concern

2583
01:25:42,457 --> 01:25:42,707
Mr chair as we look at this how

2584
01:25:43,224 --> 01:25:43,474
are we going to resolve that for

2585
01:25:45,193 --> 01:25:45,443
those folks who have a system

2586
01:25:47,195 --> 01:25:47,445
that's not paid for and and

2587
01:25:48,930 --> 01:25:49,180
they're left on the hook even

2588
01:25:50,431 --> 01:25:50,681
though they're no longer on the

2589
01:25:52,433 --> 01:25:52,683
home or will own the home and

2590
01:25:53,034 --> 01:25:53,284
mis chairir andres

2591
01:25:53,434 --> 01:25:53,684
representative, I think that's a

2592
01:25:54,702 --> 01:25:54,952
very good point because it also

2593
01:25:55,403 --> 01:25:55,653
highlights predatory loan

2594
01:25:56,938 --> 01:25:57,188
companies or predatory solar

2595
01:25:58,706 --> 01:25:58,956
companies that have especially

2596
01:26:00,708 --> 01:26:00,958
walked my streets come up to

2597
01:26:01,309 --> 01:26:01,559
my door when you can very

2598
01:26:02,977 --> 01:26:03,227
visibly see my solar panels on

2599
01:26:04,946 --> 01:26:05,196
my roof. Um, they are there and

2600
01:26:06,747 --> 01:26:06,997
they are not local. they are

2601
01:26:08,683 --> 01:26:08,933
from out of state trying to

2602
01:26:09,250 --> 01:26:09,500
capitalize on the solar

2603
01:26:11,552 --> 01:26:11,802
opportunities that we have in

2604
01:26:14,455 --> 01:26:14,705
this state and so I have the

2605
01:26:15,223 --> 01:26:15,473
luxury in my job to really

2606
01:26:16,991 --> 01:26:17,241
inform people about like do your

2607
01:26:20,428 --> 01:26:20,678
homework always ask and with

2608
01:26:21,229 --> 01:26:21,479
those predatory solar companies

2609
01:26:23,498 --> 01:26:23,748
there are loopholes that

2610
01:26:24,966 --> 01:26:25,216
people aren't understanding. I

2611
01:26:26,701 --> 01:26:26,951
had a call one night from a

2612
01:26:28,436 --> 01:26:28,686
friend who lives in Vegas who

2613
01:26:29,170 --> 01:26:29,420
asked me about who did I go

2614
01:26:30,705 --> 01:26:30,955
through to get my solar and I

2615
01:26:32,440 --> 01:26:32,690
said who are you talking to

2616
01:26:34,442 --> 01:26:34,692
right now and she told me it was

2617
01:26:36,477 --> 01:26:36,727
a a popular out of state

2618
01:26:37,245 --> 01:26:37,495
solar company that was really

2619
01:26:38,679 --> 01:26:38,929
predatory and I said do not sign

2620
01:26:39,347 --> 01:26:39,597
that

2621
01:26:41,215 --> 01:26:41,465
contract because there are those

2622
01:26:42,683 --> 01:26:42,933
loopholes and so what I always

2623
01:26:44,485 --> 01:26:44,735
encourage people to do is to

2624
01:26:46,687 --> 01:26:46,937
first and foremost go local

2625
01:26:48,456 --> 01:26:48,706
because we know that those folks

2626
01:26:49,157 --> 01:26:49,407
are going to be here in our

2627
01:26:50,458 --> 01:26:50,708
communities and that they're

2628
01:26:51,058 --> 01:26:51,308
already giving back to our

2629
01:26:53,127 --> 01:26:53,377
communities Las cruces is no

2630
01:26:54,962 --> 01:26:55,212
no no different from other

2631
01:26:57,198 --> 01:26:57,448
parts but to to do the

2632
01:26:58,733 --> 01:26:58,983
research and I think that's

2633
01:26:59,333 --> 01:26:59,583
really important and that's upon

2634
01:27:00,968 --> 01:27:01,218
us and that's upon you know

2635
01:27:02,937 --> 01:27:03,187
jim's agency to really help

2636
01:27:04,939 --> 01:27:05,189
people understand the nuances

2637
01:27:06,941 --> 01:27:07,191
and then also to if you're going

2638
01:27:08,509 --> 01:27:08,759
to spend that much money and

2639
01:27:09,076 --> 01:27:09,326
it's going to be something

2640
01:27:09,644 --> 01:27:09,894
that's going to pay off

2641
01:27:12,447 --> 01:27:12,697
in dividends down the line to

2642
01:27:13,181 --> 01:27:13,431
really do research and and

2643
01:27:14,982 --> 01:27:15,232
understand that so I I

2644
01:27:16,517 --> 01:27:16,767
appreciate your story as well

2645
01:27:17,185 --> 01:27:17,435
because it is a concern.

2646
01:27:20,688 --> 01:27:20,938
thank you representative let's

2647
01:27:22,690 --> 01:27:22,940
go to senatorwirth thank you Mr

2648
01:27:24,459 --> 01:27:24,709
Chair and I I just want a flag

2649
01:27:26,928 --> 01:27:27,178
on page four of the bill the

2650
01:27:28,930 --> 01:27:29,180
existing language that is struck

2651
01:27:31,432 --> 01:27:31,682
on line se7 which is the30

2652
01:27:34,702 --> 01:27:34,952
million dollar cap which we made

2653
01:27:38,439 --> 01:27:38,689
as a policy decision when we

2654
01:27:40,708 --> 01:27:40,958
pass this bill and I just want

2655
01:27:42,443 --> 01:27:42,693
to highlight again I appreciate

2656
01:27:43,478 --> 01:27:43,728
we had an interesting discussion

2657
01:27:44,979 --> 01:27:45,229
during the session about this

2658
01:27:46,981 --> 01:27:47,231
bill we actually ran this bill

2659
01:27:48,483 --> 01:27:48,733
as a standalone out of the tax

2660
01:27:49,150 --> 01:27:49,400
committee

2661
01:27:50,718 --> 01:27:50,968
it also ran to the standalone

2662
01:27:52,487 --> 01:27:52,737
out of the finance committee it

2663
01:27:53,154 --> 01:27:53,404
passed the senate

2664
01:27:56,457 --> 01:27:56,707
what's interesting though is

2665
01:27:58,459 --> 01:27:58,709
that it's not scored at30

2666
01:27:59,160 --> 01:27:59,410
million because it's only being5

2667
01:28:00,928 --> 01:28:01,178
million is being used and I know

2668
01:28:04,465 --> 01:28:04,715
yeah 9 million's being used

2669
01:28:05,199 --> 01:28:05,449
so we're in this weird situation

2670
01:28:07,201 --> 01:28:07,451
where we made the policy

2671
01:28:08,669 --> 01:28:08,919
decision to cap this to30

2672
01:28:11,439 --> 01:28:11,689
million but now when we tweak

2673
01:28:13,207 --> 01:28:13,457
the mix that increases the use

2674
01:28:14,675 --> 01:28:14,925
all of a sudden it gets a fiscal

2675
01:28:16,477 --> 01:28:16,727
hit and that kind of have a hard

2676
01:28:17,211 --> 01:28:17,461
time with that cuz we already

2677
01:28:18,946 --> 01:28:19,196
made the decision that we wanted

2678
01:28:20,448 --> 01:28:20,698
this to be a30 million dollars

2679
01:28:22,717 --> 01:28:22,967
cap and right now if we took the

2680
01:28:23,384 --> 01:28:23,634
existing law

2681
01:28:24,919 --> 01:28:25,169
and cranked it up to30 million

2682
01:28:27,155 --> 01:28:27,405
bucks we could do that under the

2683
01:28:29,157 --> 01:28:29,407
existing law. so I think I

2684
01:28:30,525 --> 01:28:30,775
just wanted to flag that

2685
01:28:34,695 --> 01:28:34,945
I would hate to lose this in a

2686
01:28:36,731 --> 01:28:36,981
tax package because it feels

2687
01:28:37,432 --> 01:28:37,682
like we already did this

2688
01:28:40,435 --> 01:28:40,685
we made the decision to move it

2689
01:28:41,135 --> 01:28:41,385
to30 and I appreciate

2690
01:28:44,439 --> 01:28:44,689
the share of tax the chair of

2691
01:28:46,441 --> 01:28:46,691
Senate finance for recognizing

2692
01:28:48,709 --> 01:28:48,959
that and moving that forward

2693
01:28:50,711 --> 01:28:50,961
so one question I do have though

2694
01:28:53,181 --> 01:28:53,431
if the30 million dollars cap is

2695
01:28:56,684 --> 01:28:56,934
reached in a year up up in

2696
01:29:00,688 --> 01:29:00,938
paragraph F page4 line3 it says

2697
01:29:06,694 --> 01:29:06,944
once the cap is met reddits

2698
01:29:07,328 --> 01:29:07,578
shall not be approved. Is there

2699
01:29:07,995 --> 01:29:08,245
any

2700
01:29:09,163 --> 01:29:09,413
provision I know with other

2701
01:29:12,467 --> 01:29:12,717
like sustainable building we've

2702
01:29:14,735 --> 01:29:14,985
got carriover. would there be a

2703
01:29:16,471 --> 01:29:16,721
situation where somebody in

2704
01:29:17,038 --> 01:29:17,288
November

2705
01:29:19,240 --> 01:29:19,490
does their system we've already

2706
01:29:20,475 --> 01:29:20,725
reached the th30 million. could

2707
01:29:22,443 --> 01:29:22,693
that carry over to the next

2708
01:29:23,077 --> 01:29:23,327
year's30 million dollars.

2709
01:29:27,148 --> 01:29:27,398
thank you Senatorwirth thank you

2710
01:29:29,183 --> 01:29:29,433
Mr Chair. there's not a

2711
01:29:30,718 --> 01:29:30,968
queuing system, so if the30

2712
01:29:32,453 --> 01:29:32,703
million dollars is met in a

2713
01:29:34,722 --> 01:29:34,972
calendar year then then there

2714
01:29:36,724 --> 01:29:36,974
would not be those people would

2715
01:29:37,358 --> 01:29:37,608
be out of luck, but that is one

2716
01:29:38,693 --> 01:29:38,943
of the reasons why the

2717
01:29:40,928 --> 01:29:41,178
legislature decided to put the

2718
01:29:42,730 --> 01:29:42,980
cap at30 million a couple of

2719
01:29:44,699 --> 01:29:44,949
years ago so that the cap was

2720
01:29:46,701 --> 01:29:46,951
high enough that it would not be

2721
01:29:48,469 --> 01:29:48,719
reached that was a problem many

2722
01:29:50,705 --> 01:29:50,955
years ago, but that is why

2723
01:29:52,907 --> 01:29:53,157
this body chose to raise that

2724
01:29:53,574 --> 01:29:53,824
from I think it was

2725
01:29:55,176 --> 01:29:55,426
10 million before that, but I

2726
01:29:56,978 --> 01:29:57,228
might have my memory incorrect

2727
01:29:58,946 --> 01:29:59,196
there just to make sure what

2728
01:29:59,547 --> 01:29:59,797
would it take I mean it just it

2729
01:30:02,717 --> 01:30:02,967
doesn't feel fair that someone

2730
01:30:03,417 --> 01:30:03,667
who shows up in November is out

2731
01:30:04,085 --> 01:30:04,335
of luck.

2732
01:30:06,687 --> 01:30:06,937
you know and that's the problem

2733
01:30:07,422 --> 01:30:07,672
is we're creating that I mean

2734
01:30:08,956 --> 01:30:09,206
what did we do what does it take

2735
01:30:10,725 --> 01:30:10,975
to have it be a carryover I mean

2736
01:30:12,460 --> 01:30:12,710
I know we carryover and

2737
01:30:14,429 --> 01:30:14,679
sustainable building tax credit

2738
01:30:15,129 --> 01:30:15,379
is our additional language

2739
01:30:15,763 --> 01:30:16,013
that's needed to make it carry

2740
01:30:16,431 --> 01:30:16,681
over?

2741
01:30:24,439 --> 01:30:24,689
chairman Lentte Senatorwirth

2742
01:30:25,139 --> 01:30:25,389
actually in a previous

2743
01:30:28,910 --> 01:30:29,160
itinration it did carry over and

2744
01:30:30,912 --> 01:30:31,162
I believe there was some

2745
01:30:31,479 --> 01:30:31,729
concerns about the way that

2746
01:30:32,046 --> 01:30:32,296
worked

2747
01:30:36,651 --> 01:30:36,901
and I believe the concerns came

2748
01:30:37,318 --> 01:30:37,568
from tax and revenue but I don't

2749
01:30:38,019 --> 01:30:38,269
wanna

2750
01:30:41,255 --> 01:30:41,505
chair and senator we do also

2751
01:30:42,990 --> 01:30:43,240
have Pam here to answer Pam

2752
01:30:44,692 --> 01:30:44,942
Sttoes so with the legislative

2753
01:30:46,461 --> 01:30:46,711
council service uhm chairir

2754
01:30:47,195 --> 01:30:47,445
senator yeah you would need to

2755
01:30:49,197 --> 01:30:49,447
add language to say that they're

2756
01:30:50,965 --> 01:30:51,215
that any excess can be

2757
01:30:52,900 --> 01:30:53,150
carried forward that that

2758
01:30:57,038 --> 01:30:57,288
that would apply to an

2759
01:30:58,506 --> 01:30:58,756
individual taxpayer though

2760
01:30:59,240 --> 01:30:59,490
that's that's a if you want to

2761
01:31:00,975 --> 01:31:01,225
do a cue that's something else

2762
01:31:03,177 --> 01:31:03,427
and I believe as cider

2763
01:31:04,946 --> 01:31:05,196
Sanders said they tried to

2764
01:31:06,981 --> 01:31:07,231
design it with this30 million

2765
01:31:08,783 --> 01:31:09,033
dollars cup to ensure there

2766
01:31:10,685 --> 01:31:10,935
wouldn't be a need for a cue,

2767
01:31:12,653 --> 01:31:12,903
but I don't know what

2768
01:31:16,457 --> 01:31:16,707
the the takeup is of this credit

2769
01:31:17,225 --> 01:31:17,475
and if there's room, it sounds

2770
01:31:18,726 --> 01:31:18,976
like there's room it has been

2771
01:31:20,461 --> 01:31:20,711
room and that they intentionally

2772
01:31:22,463 --> 01:31:22,713
made rooms so they didn't run

2773
01:31:23,197 --> 01:31:23,447
into the situation they had

2774
01:31:24,966 --> 01:31:25,216
before they had to kind of

2775
01:31:27,301 --> 01:31:27,551
backtrack and get people caught

2776
01:31:27,935 --> 01:31:28,185
up who did get cut off.

2777
01:31:30,972 --> 01:31:31,222
just remember there being a huge

2778
01:31:32,707 --> 01:31:32,957
problem with the prior credit

2779
01:31:33,341 --> 01:31:33,591
where a whole bunch of people

2780
01:31:36,444 --> 01:31:36,694
were hanging in limbo and I

2781
01:31:37,211 --> 01:31:37,461
would just suggest you consider

2782
01:31:38,946 --> 01:31:39,196
putting the language in as a

2783
01:31:41,182 --> 01:31:41,432
default because again you

2784
01:31:43,251 --> 01:31:43,501
want this to be up to the cue

2785
01:31:44,786 --> 01:31:45,036
that's the whole point of this

2786
01:31:46,721 --> 01:31:46,971
is to encourage its use and it's

2787
01:31:48,723 --> 01:31:48,973
just I don't want to see the

2788
01:31:50,458 --> 01:31:50,708
situation again where the person

2789
01:31:51,259 --> 01:31:51,509
who shows up in November is out

2790
01:31:52,560 --> 01:31:52,810
of luck just because of

2791
01:31:55,263 --> 01:31:55,513
the cue being there. yeah they

2792
01:31:57,231 --> 01:31:57,481
gotta wait till next year and

2793
01:31:58,733 --> 01:31:58,983
jump in front and then we should

2794
01:31:59,434 --> 01:31:59,684
come back and decide whether we

2795
01:32:00,701 --> 01:32:00,951
want to increase this if there's

2796
01:32:02,470 --> 01:32:02,720
that demand that's all I have Mr

2797
01:32:03,237 --> 01:32:03,487
chair thanks. Mr Secretary,

2798
01:32:04,739 --> 01:32:04,989
could you chair in a little

2799
01:32:06,441 --> 01:32:06,691
bitir I feel like have like a

2800
01:32:10,445 --> 01:32:10,695
basketball team of of of

2801
01:32:11,012 --> 01:32:11,262
supporters

2802
01:32:12,747 --> 01:32:12,997
umm chairman and senatorwirth, I

2803
01:32:14,749 --> 01:32:14,999
can think of two examples that

2804
01:32:16,717 --> 01:32:16,967
you could use for drafting and

2805
01:32:18,486 --> 01:32:18,736
there's like for example there's

2806
01:32:19,220 --> 01:32:19,470
a couple credits like the

2807
01:32:20,755 --> 01:32:21,005
sustainable where it just sort

2808
01:32:22,657 --> 01:32:22,907
of says anyone denied

2809
01:32:23,124 --> 01:32:23,374
certification because the

2810
01:32:25,259 --> 01:32:25,509
cap has been reached is at the

2811
01:32:26,961 --> 01:32:27,211
front of the line for next year

2812
01:32:28,963 --> 01:32:29,213
there's also a slightly more

2813
01:32:30,465 --> 01:32:30,715
complicated but sort of still

2814
01:32:32,467 --> 01:32:32,717
interesting version in the film

2815
01:32:34,469 --> 01:32:34,719
credit in the most recent where

2816
01:32:35,203 --> 01:32:35,453
the film officeice can keep

2817
01:32:37,171 --> 01:32:37,421
certifying project budgets once

2818
01:32:40,441 --> 01:32:40,691
they meet the annual cap but

2819
01:32:41,209 --> 01:32:41,459
only up to a certain point they

2820
01:32:42,743 --> 01:32:42,993
have something I think it's100

2821
01:32:44,479 --> 01:32:44,729
million dollars of wiggle room

2822
01:32:46,747 --> 01:32:46,997
to cushion to keep certifying

2823
01:32:48,983 --> 01:32:49,233
project budgets but once they go

2824
01:32:50,751 --> 01:32:51,001
that far over then they truly

2825
01:32:51,319 --> 01:32:51,569
stop so there's two different

2826
01:32:51,953 --> 01:32:52,203
examples you could use.

2827
01:32:56,991 --> 01:32:57,241
very good thank you. Other

2828
01:32:57,525 --> 01:32:57,775
questions and comments from this

2829
01:32:58,192 --> 01:32:58,442
committee?

2830
01:33:00,928 --> 01:33:01,178
not to have a few of my own and

2831
01:33:02,730 --> 01:33:02,980
so and this I think maybe the

2832
01:33:03,431 --> 01:33:03,681
first one is gonna be for gimm

2833
01:33:04,665 --> 01:33:04,915
do do we have a map

2834
01:33:08,469 --> 01:33:08,719
a a statewide map of where these

2835
01:33:09,437 --> 01:33:09,687
types of solar units for a home

2836
01:33:10,972 --> 01:33:11,222
are installed

2837
01:33:16,477 --> 01:33:16,727
thank you for the question

2838
01:33:17,211 --> 01:33:17,461
Chairman Lenten. yes there is

2839
01:33:19,247 --> 01:33:19,497
one at at Amnard you can go on

2840
01:33:20,948 --> 01:33:21,198
their website and they'll show

2841
01:33:22,950 --> 01:33:23,200
you where the applications have

2842
01:33:26,721 --> 01:33:26,971
been submitted from I believe

2843
01:33:28,489 --> 01:33:28,739
with the exception of Hilddago

2844
01:33:29,090 --> 01:33:29,340
and hopefully if pronounced that

2845
01:33:30,992 --> 01:33:31,242
correctly county every county

2846
01:33:32,527 --> 01:33:32,777
has submitted at least one

2847
01:33:33,094 --> 01:33:33,344
application.

2848
01:33:36,464 --> 01:33:36,714
and of course as you might

2849
01:33:38,466 --> 01:33:38,716
expect Santa Fe and Albuquerque

2850
01:33:40,968 --> 01:33:41,218
areas have more application OK

2851
01:33:42,470 --> 01:33:42,720
and I guess in terms of an

2852
01:33:44,472 --> 01:33:44,722
application an application to

2853
01:33:46,474 --> 01:33:46,724
have a unit installed or an

2854
01:33:47,008 --> 01:33:47,258
appli what what do you what do

2855
01:33:47,675 --> 01:33:47,925
you mean by application?

2856
01:33:50,711 --> 01:33:50,961
chairman Lientting and thank

2857
01:33:51,312 --> 01:33:51,562
you for that sorry for that I

2858
01:33:52,980 --> 01:33:53,230
didn't clarify that the

2859
01:33:54,482 --> 01:33:54,732
application would be the

2860
01:33:56,484 --> 01:33:56,734
application for the tax credit.

2861
01:33:58,719 --> 01:33:58,969
so one of the main ways that we

2862
01:34:00,755 --> 01:34:01,005
actually track installations

2863
01:34:02,757 --> 01:34:03,007
and related activities are

2864
01:34:04,459 --> 01:34:04,709
through the amnerd website which

2865
01:34:06,461 --> 01:34:06,711
is very good OK and and the

2866
01:34:07,295 --> 01:34:07,545
reason I asked this question and

2867
01:34:08,963 --> 01:34:09,213
and again this is just me being

2868
01:34:10,965 --> 01:34:11,215
ignorant and for forgive my my

2869
01:34:12,733 --> 01:34:12,983
misconceptions but oftentimes

2870
01:34:13,367 --> 01:34:13,617
when I look through my my

2871
01:34:15,203 --> 01:34:15,453
district for instance and I

2872
01:34:15,770 --> 01:34:16,020
drive through

2873
01:34:19,207 --> 01:34:19,457
I I don't see any units on any

2874
01:34:20,942 --> 01:34:21,192
pueblo homes. I don't see any

2875
01:34:22,477 --> 01:34:22,727
units on any reservation in

2876
01:34:24,479 --> 01:34:24,729
thenavo Nation homes I don't see

2877
01:34:25,246 --> 01:34:25,496
any units on any of the homes in

2878
01:34:26,948 --> 01:34:27,198
the town of Bernolio I don't see

2879
01:34:28,983 --> 01:34:29,233
any home units on any of the

2880
01:34:30,751 --> 01:34:31,001
rural community homes that that

2881
01:34:32,720 --> 01:34:32,970
I that I see I just don't see

2882
01:34:34,722 --> 01:34:34,972
them and so again forgive this

2883
01:34:36,758 --> 01:34:37,008
misconception but are are are

2884
01:34:38,459 --> 01:34:38,709
these credits being used for

2885
01:34:39,227 --> 01:34:39,477
those that have the means then

2886
01:34:40,528 --> 01:34:40,778
to afford this type of

2887
01:34:42,530 --> 01:34:42,780
I'll I'll call it a luxury for

2888
01:34:43,197 --> 01:34:43,447
lack of a

2889
01:34:49,237 --> 01:34:49,487
thank you Chairman Lnte. So I

2890
01:34:50,772 --> 01:34:51,022
can offer you a couple of

2891
01:34:52,473 --> 01:34:52,723
explanations for that. first of

2892
01:34:54,709 --> 01:34:54,959
all, I believe there is a lower

2893
01:34:57,245 --> 01:34:57,495
adoption rate of of solar in

2894
01:34:59,213 --> 01:34:59,463
rural communities and a native

2895
01:35:00,715 --> 01:35:00,965
American communities but I

2896
01:35:03,017 --> 01:35:03,267
will also say that probably my

2897
01:35:06,487 --> 01:35:06,737
estimate is 60% or more of the

2898
01:35:08,456 --> 01:35:08,706
homes in New Mexico have flat

2899
01:35:10,758 --> 01:35:11,008
roofs and most solar ins

2900
01:35:11,559 --> 01:35:11,809
installation companies use a

2901
01:35:13,294 --> 01:35:13,544
ballot system that I believe at

2902
01:35:14,962 --> 01:35:15,212
its highest point is only16

2903
01:35:15,530 --> 01:35:15,780
inches above the roof.

2904
01:35:18,566 --> 01:35:18,816
so what I'm suggesting is

2905
01:35:19,367 --> 01:35:19,617
sometimes you just simply don't

2906
01:35:21,202 --> 01:35:21,452
see it because it's not visible

2907
01:35:26,707 --> 01:35:26,957
oh and I I'm sorry one more

2908
01:35:28,709 --> 01:35:28,959
point to that is I believe in

2909
01:35:31,212 --> 01:35:31,462
the last itterration of the

2910
01:35:34,715 --> 01:35:34,965
legislation it did at clarity to

2911
01:35:36,451 --> 01:35:36,701
how native American communities

2912
01:35:38,453 --> 01:35:38,703
could take advantage of the tax

2913
01:35:39,120 --> 01:35:39,370
credit so hopefully that has

2914
01:35:39,687 --> 01:35:39,937
helped as well.

2915
01:35:42,457 --> 01:35:42,707
I appreciate that Jim and then

2916
01:35:44,459 --> 01:35:44,709
so I'm I'm just gonna ask

2917
01:35:46,461 --> 01:35:46,711
another question then so for a

2918
01:35:47,161 --> 01:35:47,411
home and I don't know the

2919
01:35:48,463 --> 01:35:48,713
average size of a home in New

2920
01:35:49,197 --> 01:35:49,447
Mexico let's just say1,500

2921
01:35:51,432 --> 01:35:51,682
square feet house what would a

2922
01:35:53,201 --> 01:35:53,451
unit cost not with the battery

2923
01:35:55,002 --> 01:35:55,252
pack or what it just just the

2924
01:35:56,504 --> 01:35:56,754
unit to get them up and up and

2925
01:35:57,171 --> 01:35:57,421
running what what does that cost

2926
01:36:02,944 --> 01:36:03,194
Mr Chair you know I can and

2927
01:36:04,712 --> 01:36:04,962
and Jim can add just in in

2928
01:36:06,948 --> 01:36:07,198
our case fif years ago it was

2929
01:36:08,950 --> 01:36:09,200
an18,000 dollars purchase and

2930
01:36:12,487 --> 01:36:12,737
I wanna to address your point

2931
01:36:13,154 --> 01:36:13,404
and I'll get to that question is

2932
01:36:14,722 --> 01:36:14,972
that I think as a state we do a

2933
01:36:16,457 --> 01:36:16,707
horrible job at informing people

2934
01:36:17,125 --> 01:36:17,375
about all the different things

2935
01:36:17,725 --> 01:36:17,975
that we can offer at the state.

2936
01:36:20,728 --> 01:36:20,978
you know from economic

2937
01:36:22,730 --> 01:36:22,980
development to film to solar

2938
01:36:23,431 --> 01:36:23,681
credits to different tax

2939
01:36:24,766 --> 01:36:25,016
credits. I don't think we do a

2940
01:36:25,366 --> 01:36:25,616
good enough job and I think that

2941
01:36:26,968 --> 01:36:27,218
that's something that we have to

2942
01:36:28,970 --> 01:36:29,220
do better in order to make

2943
01:36:29,604 --> 01:36:29,854
sure that every New Mexican has

2944
01:36:31,005 --> 01:36:31,255
an opportunity and access to

2945
01:36:33,007 --> 01:36:33,257
this should they be able to

2946
01:36:34,976 --> 01:36:35,226
15 years ago our solar system

2947
01:36:36,978 --> 01:36:37,228
was18,000 dollars. I know that

2948
01:36:38,446 --> 01:36:38,696
with the you know when when

2949
01:36:40,448 --> 01:36:40,698
there's an increase in it

2950
01:36:42,483 --> 01:36:42,733
prices can go down but it

2951
01:36:44,485 --> 01:36:44,735
also is you know, do you want a

2952
01:36:46,454 --> 01:36:46,704
solar system that has 6 panels

2953
01:36:47,121 --> 01:36:47,371
on it or do you want a solar

2954
01:36:47,789 --> 01:36:48,039
system that has16 panels on it

2955
01:36:50,458 --> 01:36:50,708
and that obviously changes the

2956
01:36:52,727 --> 01:36:52,977
cost. but you know it's

2957
01:36:53,261 --> 01:36:53,511
been so long so I don't know

2958
01:36:56,464 --> 01:36:56,714
what an average system costs

2959
01:36:57,231 --> 01:36:57,481
at this point Jim if you don't

2960
01:36:58,966 --> 01:36:59,216
mind clarifying that. Sure thank

2961
01:37:00,701 --> 01:37:00,951
you Senatorhamblin and

2962
01:37:03,204 --> 01:37:03,454
Chairman Linte the the way

2963
01:37:04,939 --> 01:37:05,189
that they measure the cost of

2964
01:37:06,707 --> 01:37:06,957
solar is the price per watt so

2965
01:37:08,709 --> 01:37:08,959
you got you know ri per pound

2966
01:37:10,711 --> 01:37:10,961
price per gallon whatever so

2967
01:37:12,747 --> 01:37:12,997
the price per watt has gone down

2968
01:37:14,482 --> 01:37:14,732
since the time that Senator

2969
01:37:16,751 --> 01:37:17,001
Hamlin purchased her system

2970
01:37:17,285 --> 01:37:17,535
the average cost it it

2971
01:37:20,721 --> 01:37:20,971
and I hate to answer it this way

2972
01:37:22,723 --> 01:37:22,973
but it depends it varies depends

2973
01:37:24,459 --> 01:37:24,709
on your electrical usage you

2974
01:37:25,259 --> 01:37:25,509
have electric vehicle do you

2975
01:37:28,429 --> 01:37:28,679
have refrigerated air but to use

2976
01:37:30,465 --> 01:37:30,715
a number from Mner the

2977
01:37:35,203 --> 01:37:35,453
average tax credit in 2025

2978
01:37:38,973 --> 01:37:39,223
was $2,533 so that would in

2979
01:37:41,209 --> 01:37:41,459
other words be a $25,000 system

2980
01:37:42,510 --> 01:37:42,760
and I think that's a a fair

2981
01:37:43,077 --> 01:37:43,327
estimate

2982
01:37:46,447 --> 01:37:46,697
before any tax credits got it

2983
01:37:48,449 --> 01:37:48,699
and thank you for for for

2984
01:37:49,150 --> 01:37:49,400
engaging in in this conversation

2985
01:37:50,952 --> 01:37:51,202
and so I I'm looking then at at

2986
01:37:54,522 --> 01:37:54,772
page four of our analysis and it

2987
01:37:55,189 --> 01:37:55,439
says that

2988
01:37:58,426 --> 01:37:58,676
an average income of a house who

2989
01:38:01,195 --> 01:38:01,445
installs a unit is about115,000

2990
01:38:02,930 --> 01:38:03,180
dollars that that household

2991
01:38:03,464 --> 01:38:03,714
makes right

2992
01:38:06,467 --> 01:38:06,717
and and it's and it looks like

2993
01:38:08,469 --> 01:38:08,719
the average household income

2994
01:38:10,438 --> 01:38:10,688
currently of a new Mexican

2995
01:38:12,974 --> 01:38:13,224
family is $65,000 per year and

2996
01:38:15,176 --> 01:38:15,426
so I I I'm not trying tom not

2997
01:38:16,477 --> 01:38:16,727
trying to engage in anything

2998
01:38:17,111 --> 01:38:17,361
negative at this point I'm just

2999
01:38:18,713 --> 01:38:18,963
trying to make clear that when

3000
01:38:19,347 --> 01:38:19,597
we're when we're talking about

3001
01:38:20,982 --> 01:38:21,232
these types of of initiatives

3002
01:38:22,984 --> 01:38:23,234
and incentives right? I I wanna

3003
01:38:24,452 --> 01:38:24,702
to make sure that we're looking

3004
01:38:25,253 --> 01:38:25,503
out for everybody that everyone

3005
01:38:26,988 --> 01:38:27,238
can enjoy them and so that leads

3006
01:38:28,723 --> 01:38:28,973
me then to my next question and

3007
01:38:30,725 --> 01:38:30,975
would be then probably to one

3008
01:38:32,727 --> 01:38:32,977
that represented Duncan had was

3009
01:38:33,361 --> 01:38:33,611
do we have a salary re

3010
01:38:36,464 --> 01:38:36,714
g ul ator to focus on lower or

3011
01:38:38,699 --> 01:38:38,949
middle income families that may

3012
01:38:41,202 --> 01:38:41,452
be at that $65,000 or less

3013
01:38:43,204 --> 01:38:43,454
household income to help them

3014
01:38:43,838 --> 01:38:44,088
out before we help out

3015
01:38:47,008 --> 01:38:47,258
the families that are making the

3016
01:38:48,476 --> 01:38:48,726
household income of115,000

3017
01:38:49,010 --> 01:38:49,260
dollars

3018
01:38:56,451 --> 01:38:56,701
Mr Chair, I'm gonna go ahead and

3019
01:38:57,185 --> 01:38:57,435
let Sanders answer that if

3020
01:38:59,253 --> 01:38:59,503
that's all right Mr chair there

3021
01:39:00,988 --> 01:39:01,238
is nothing currently in the

3022
01:39:03,257 --> 01:39:03,507
legislation that targets

3023
01:39:06,461 --> 01:39:06,711
different income levels the

3024
01:39:07,228 --> 01:39:07,478
addition as Jim had mentioned

3025
01:39:09,430 --> 01:39:09,680
earlier of the refundability

3026
01:39:13,000 --> 01:39:13,250
was an effort for the the solar

3027
01:39:14,969 --> 01:39:15,219
companies to be able to provide

3028
01:39:18,973 --> 01:39:19,223
that the tax credit upfront for

3029
01:39:22,510 --> 01:39:22,760
those purchasers and I agree

3030
01:39:23,077 --> 01:39:23,327
with Senator Hamlin I think that

3031
01:39:23,711 --> 01:39:23,961
this is

3032
01:39:26,481 --> 01:39:26,731
something that we don't probably

3033
01:39:27,482 --> 01:39:27,732
do well enough job of explaining

3034
01:39:28,749 --> 01:39:28,999
the benefits, I mean, I

3035
01:39:29,250 --> 01:39:29,500
mentioned I was mentioning my

3036
01:39:31,219 --> 01:39:31,469
piddly salary is nonprofit

3037
01:39:33,221 --> 01:39:33,471
before because it was I knew the

3038
01:39:34,722 --> 01:39:34,972
benefits because I had actually

3039
01:39:36,958 --> 01:39:37,208
worked on the tax credit and

3040
01:39:38,726 --> 01:39:38,976
so I knew the benefits to my

3041
01:39:39,460 --> 01:39:39,710
family or to myself and my

3042
01:39:40,995 --> 01:39:41,245
husband at the time to install

3043
01:39:42,730 --> 01:39:42,980
solar, but we were making

3044
01:39:44,465 --> 01:39:44,715
definitely less than far less

3045
01:39:48,469 --> 01:39:48,719
than115,000 as together and

3046
01:39:49,237 --> 01:39:49,487
so but I knew that I knew the

3047
01:39:50,738 --> 01:39:50,988
benefits of doing that and I

3048
01:39:51,372 --> 01:39:51,622
knew those would be long term

3049
01:39:52,740 --> 01:39:52,990
benefits but I think that's

3050
01:39:53,274 --> 01:39:53,524
something if we educate people

3051
01:39:56,477 --> 01:39:56,727
as to how that and there's no

3052
01:39:57,145 --> 01:39:57,395
way we could have done it

3053
01:39:58,479 --> 01:39:58,729
without the federal tax credit

3054
01:39:59,113 --> 01:39:59,363
as I mentioned the state tax

3055
01:40:00,748 --> 01:40:00,998
credit did not exist when we

3056
01:40:02,750 --> 01:40:03,000
installed solar but that30% back

3057
01:40:03,451 --> 01:40:03,701
I will tell you getting that

3058
01:40:04,752 --> 01:40:05,002
check back from the federal

3059
01:40:05,386 --> 01:40:05,636
government and put it straight

3060
01:40:06,754 --> 01:40:07,004
onto the loan that we had taken

3061
01:40:08,456 --> 01:40:08,706
out and it just knocked it down

3062
01:40:10,992 --> 01:40:11,242
so much so all of this helps

3063
01:40:12,994 --> 01:40:13,244
people be able to afford and

3064
01:40:15,263 --> 01:40:15,513
then buffer from spike

3065
01:40:16,998 --> 01:40:17,248
increases and inflation and

3066
01:40:18,499 --> 01:40:18,749
everything that we're seeing

3067
01:40:19,267 --> 01:40:19,517
today with affordability and Mr

3068
01:40:21,002 --> 01:40:21,252
Chair if I can add on to though

3069
01:40:21,636 --> 01:40:21,886
you know we've we've had other

3070
01:40:22,737 --> 01:40:22,987
legislation and Jim you can help

3071
01:40:23,404 --> 01:40:23,654
out with this is in terms of

3072
01:40:26,474 --> 01:40:26,724
our community solar to help make

3073
01:40:27,508 --> 01:40:27,758
that more accessible to

3074
01:40:28,743 --> 01:40:28,993
people who can't purchase a

3075
01:40:31,245 --> 01:40:31,495
whole system and so I I do

3076
01:40:33,214 --> 01:40:33,464
think this conversation really

3077
01:40:35,249 --> 01:40:35,499
is helping us kind of look at

3078
01:40:36,751 --> 01:40:37,001
all the different options

3079
01:40:38,453 --> 01:40:38,703
because I shared the same values

3080
01:40:39,220 --> 01:40:39,470
as like I want everybody to be

3081
01:40:40,721 --> 01:40:40,971
able to have access to this so

3082
01:40:41,355 --> 01:40:41,605
that they can lower their

3083
01:40:43,257 --> 01:40:43,507
utility bills. I also feel

3084
01:40:44,725 --> 01:40:44,975
that we need to do a better job

3085
01:40:46,727 --> 01:40:46,977
of educating people and helping

3086
01:40:47,361 --> 01:40:47,611
do outreach to let people know

3087
01:40:49,230 --> 01:40:49,480
what opportunities are there

3088
01:40:50,998 --> 01:40:51,248
and not just with purchasing

3089
01:40:51,632 --> 01:40:51,882
their own solar system but if

3090
01:40:52,700 --> 01:40:52,950
they can tap into community

3091
01:40:53,301 --> 01:40:53,551
solar or other

3092
01:40:55,269 --> 01:40:55,519
projects that are happening in

3093
01:40:57,205 --> 01:40:57,455
the area so I think it's really

3094
01:40:58,739 --> 01:40:58,989
important that as we move

3095
01:40:59,340 --> 01:40:59,590
forward with this bill is to

3096
01:41:00,741 --> 01:41:00,991
look at all the different

3097
01:41:02,743 --> 01:41:02,993
opportunities that people have

3098
01:41:03,444 --> 01:41:03,694
to access and where are the

3099
01:41:04,011 --> 01:41:04,261
deficiencies in that?

3100
01:41:07,014 --> 01:41:07,264
and really try to address those

3101
01:41:08,983 --> 01:41:09,233
I think the intent of this bill

3102
01:41:11,018 --> 01:41:11,268
is to help increase the use of

3103
01:41:12,987 --> 01:41:13,237
solar energy but how we get it

3104
01:41:14,722 --> 01:41:14,972
to where it is equitable to

3105
01:41:16,724 --> 01:41:16,974
every single person across the

3106
01:41:18,726 --> 01:41:18,976
state I think is really the the

3107
01:41:20,661 --> 01:41:20,911
the value that we're trying to

3108
01:41:21,329 --> 01:41:21,579
instill in this. Yeah.

3109
01:41:23,264 --> 01:41:23,514
and I appreciate that because

3110
01:41:25,032 --> 01:41:25,282
quite honestly is that I I I I'm

3111
01:41:26,768 --> 01:41:27,018
less likely to want to support a

3112
01:41:28,736 --> 01:41:28,986
continuation of a credit to

3113
01:41:30,972 --> 01:41:31,222
people that are making the

3114
01:41:32,740 --> 01:41:32,990
on the upper end of the wage

3115
01:41:34,442 --> 01:41:34,692
scale versus those that we can

3116
01:41:35,243 --> 01:41:35,493
probably really help out that

3117
01:41:36,477 --> 01:41:36,727
need the help at the end of the

3118
01:41:37,245 --> 01:41:37,495
day to help offset their their

3119
01:41:39,247 --> 01:41:39,497
electric bills or whatever their

3120
01:41:42,483 --> 01:41:42,733
energy their costs couple of

3121
01:41:44,719 --> 01:41:44,969
last questions and sunset of

3122
01:41:49,023 --> 01:41:49,273
2032 but this is a reaction

3123
01:41:50,491 --> 01:41:50,741
to the cuts of the federal

3124
01:41:53,227 --> 01:41:53,477
credits correct? So what would

3125
01:41:56,964 --> 01:41:57,214
that be302032 or if the federal

3126
01:41:58,466 --> 01:41:58,716
credits come back and then would

3127
01:41:59,167 --> 01:41:59,417
we wanna to just escape this

3128
01:41:59,834 --> 01:42:00,084
altogether

3129
01:42:03,171 --> 01:42:03,421
thank you for that uhs I'm

3130
01:42:05,173 --> 01:42:05,423
sorry chairman Linte we've

3131
01:42:07,175 --> 01:42:07,425
been in this proposed

3132
01:42:08,943 --> 01:42:09,193
legislation does not change the

3133
01:42:12,947 --> 01:42:13,197
existing sunset which is 2032 so

3134
01:42:13,581 --> 01:42:13,831
yeah that that is not

3135
01:42:18,453 --> 01:42:18,703
contemplated to change one up or

3136
01:42:19,187 --> 01:42:19,437
down got and final question is

3137
01:42:24,459 --> 01:42:24,709
is this program restricted to

3138
01:42:26,727 --> 01:42:26,977
homes with solar panels and I

3139
01:42:28,729 --> 01:42:28,979
bring this up only because I

3140
01:42:30,465 --> 01:42:30,715
know for those involved in

3141
01:42:32,700 --> 01:42:32,950
agriculture solar is now the new

3142
01:42:34,735 --> 01:42:34,985
way that many ranches are

3143
01:42:36,471 --> 01:42:36,721
getting water for their cattle

3144
01:42:37,205 --> 01:42:37,455
instead of windmills so could

3145
01:42:38,940 --> 01:42:39,190
this program be utilized for

3146
01:42:41,175 --> 01:42:41,425
those ranchers in rural Mexico

3147
01:42:41,809 --> 01:42:42,059
to supply water for the cattle.

3148
01:42:44,979 --> 01:42:45,229
Sure thank you Chairman Linte

3149
01:42:46,948 --> 01:42:47,198
for the question. So basically

3150
01:42:50,451 --> 01:42:50,701
the the legislation and we're

3151
01:42:51,185 --> 01:42:51,435
not changing that aspect either

3152
01:42:53,187 --> 01:42:53,437
but the way it is currently

3153
01:42:54,922 --> 01:42:55,172
anyone who owns the land

3154
01:42:56,724 --> 01:42:56,974
can take advantage of it

3155
01:42:59,427 --> 01:42:59,677
or for Native American

3156
01:43:02,463 --> 01:43:02,713
communities it's approach a

3157
01:43:03,231 --> 01:43:03,481
little differently but so so

3158
01:43:04,966 --> 01:43:05,216
therefore yes a small business

3159
01:43:08,469 --> 01:43:08,719
can take advantage of it a

3160
01:43:10,705 --> 01:43:10,955
rancher farm homeowner but

3161
01:43:11,539 --> 01:43:11,789
you have to own the land where

3162
01:43:12,206 --> 01:43:12,456
you're putting the solar on

3163
01:43:16,944 --> 01:43:17,194
I'll I'll just add Mr Chairman

3164
01:43:17,645 --> 01:43:17,895
that it would not be for

3165
01:43:18,946 --> 01:43:19,196
commercial size solar

3166
01:43:22,784 --> 01:43:23,034
installations so if a utility or

3167
01:43:23,451 --> 01:43:23,701
another entity wanted to

3168
01:43:26,754 --> 01:43:27,004
but a commercial size facility

3169
01:43:28,489 --> 01:43:28,739
on a farm or a ranch and work

3170
01:43:29,123 --> 01:43:29,373
with that landowner

3171
01:43:31,025 --> 01:43:31,275
that would be a totally

3172
01:43:32,727 --> 01:43:32,977
different type of system this is

3173
01:43:34,462 --> 01:43:34,712
for the smaller scale

3174
01:43:36,464 --> 01:43:36,714
residential or some of those

3175
01:43:38,466 --> 01:43:38,716
benefits to the farmers but and

3176
01:43:40,468 --> 01:43:40,718
ranchers but not at a commercial

3177
01:43:41,235 --> 01:43:41,485
scale where they would be

3178
01:43:43,004 --> 01:43:43,254
selling to the utilities the

3179
01:43:44,739 --> 01:43:44,989
electricity or the the the the

3180
01:43:45,406 --> 01:43:45,656
utility would own that

3181
01:43:48,709 --> 01:43:48,959
that solar facility like a solar

3182
01:43:50,478 --> 01:43:50,728
field like a solar field exactly

3183
01:43:51,279 --> 01:43:51,529
got it but and and so but

3184
01:43:52,980 --> 01:43:53,230
nonetheless you did make mention

3185
01:43:54,982 --> 01:43:55,232
that it was a commercial it it's

3186
01:43:56,484 --> 01:43:56,734
it's offered to commercial but

3187
01:43:57,518 --> 01:43:57,768
just not at a scale so that if a

3188
01:43:59,253 --> 01:43:59,503
commercial warehouse for

3189
01:44:00,721 --> 01:44:00,971
instance in Santa Fe wanted to

3190
01:44:01,389 --> 01:44:01,639
partake in this program they

3191
01:44:02,056 --> 01:44:02,306
could

3192
01:44:06,928 --> 01:44:07,178
so there is a cap or the

3193
01:44:09,197 --> 01:44:09,447
state tax credit I believe we

3194
01:44:10,965 --> 01:44:11,215
would be we're proposing

3195
01:44:13,201 --> 01:44:13,451
changing that from $6000 to I

3196
01:44:16,471 --> 01:44:16,721
believe it's15,000 dollars the

3197
01:44:18,706 --> 01:44:18,956
credit is going up so that cap

3198
01:44:21,175 --> 01:44:21,425
alone basically precludes any

3199
01:44:24,745 --> 01:44:24,995
large commercial entity for

3200
01:44:25,379 --> 01:44:25,629
applying for it yes they could

3201
01:44:26,047 --> 01:44:26,297
up to that amount.

3202
01:44:29,016 --> 01:44:29,266
but it would it would that's

3203
01:44:29,684 --> 01:44:29,934
what limits them

3204
01:44:31,285 --> 01:44:31,535
very good.

3205
01:44:33,020 --> 01:44:33,270
any other questions or comments

3206
01:44:33,688 --> 01:44:33,938
from the committee?

3207
01:44:36,457 --> 01:44:36,707
if not folks thank you

3208
01:44:37,191 --> 01:44:37,441
Senatorhamlin for stepping in

3209
01:44:38,960 --> 01:44:39,210
sanders and Jim thank you for

3210
01:44:41,195 --> 01:44:41,445
joining us this morning folks

3211
01:44:42,964 --> 01:44:43,214
you know hate to bring it to you

3212
01:44:44,732 --> 01:44:44,982
but we're we're we've managed

3213
01:44:46,734 --> 01:44:46,984
through everything super fast

3214
01:44:49,237 --> 01:44:49,487
this morning and un unless

3215
01:44:50,738 --> 01:44:50,988
you want to sit around for

3216
01:44:52,440 --> 01:44:52,690
another two hours with us

3217
01:44:53,207 --> 01:44:53,457
you're welcome to but if not

3218
01:44:54,475 --> 01:44:54,725
we've come to an end of our

3219
01:44:56,711 --> 01:44:56,961
agenda for this first

3220
01:44:59,213 --> 01:44:59,463
interim session I foresee the

3221
01:45:02,450 --> 01:45:02,700
October meeting being much more

3222
01:45:03,251 --> 01:45:03,501
packed given the the

3223
01:45:06,687 --> 01:45:06,937
content of of what's gonna be

3224
01:45:08,689 --> 01:45:08,939
discussed which again includes

3225
01:45:10,458 --> 01:45:10,708
economic development, property

3226
01:45:12,493 --> 01:45:12,743
taxation and affordability that

3227
01:45:13,194 --> 01:45:13,444
includes housing retail

3228
01:45:14,962 --> 01:45:15,212
purchasing etc etc and that list

3229
01:45:16,931 --> 01:45:17,181
can go on and so again I would

3230
01:45:18,966 --> 01:45:19,216
encourage us that if there are

3231
01:45:20,468 --> 01:45:20,718
pieces of legislation that that

3232
01:45:21,135 --> 01:45:21,385
you want to have

3233
01:45:25,239 --> 01:45:25,489
analyzed by ourlfc please get

3234
01:45:27,241 --> 01:45:27,491
that into them again please

3235
01:45:29,177 --> 01:45:29,427
treat christina and the team

3236
01:45:30,711 --> 01:45:30,961
with with the utmost of respect

3237
01:45:31,446 --> 01:45:31,696
and care because they're working

3238
01:45:32,947 --> 01:45:33,197
on our behalf and they work

3239
01:45:34,982 --> 01:45:35,232
extremely hard for all of us

3240
01:45:36,717 --> 01:45:36,967
and and again that's for all of

3241
01:45:38,453 --> 01:45:38,703
us around this table and those

3242
01:45:39,220 --> 01:45:39,470
of us that and those of you

3243
01:45:41,189 --> 01:45:41,439
that might be lobbyists that

3244
01:45:42,757 --> 01:45:43,007
want to try to engage in the

3245
01:45:44,492 --> 01:45:44,742
conversation with them they work

3246
01:45:46,461 --> 01:45:46,711
for all of us so please do treat

3247
01:45:48,496 --> 01:45:48,746
them with care we appreciate

3248
01:45:49,130 --> 01:45:49,380
your your engagement during

3249
01:45:50,465 --> 01:45:50,715
these past couple of days and

3250
01:45:51,199 --> 01:45:51,449
with that we will see you again

3251
01:45:51,866 --> 01:45:52,116
in October

3252
01:45:53,935 --> 01:45:54,185
thank you all very much we're

3253
01:45:54,602 --> 01:45:54,852
adjourned