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.168049.1

HOUSE MEMORIAL 32

48

TH LEGISLATURE

- STATE OF NEW MEXICO -

FIRST SESSION

, 2007

INTRODUCED BY

Eric A. Youngberg

A MEMORIAL

REQUESTING THE NEW MEXICO CONGRESSIONAL DELEGATION TO WORK TO

ABOLISH THE DEATH TAX PERMANENTLY.

WHEREAS, under tax relief legislation passed in 2001, the

death tax was temporarily phased out but not permanently

eliminated; and

WHEREAS, farmers and other small business owners will face

losing their farms and businesses if the federal government

resumes the heavy taxation of citizens at death; and

WHEREAS, this is a tax that is particularly damaging to

families who are working their way up the ladder and trying to

accumulate wealth for the first time; and

WHEREAS, employees suffer layoffs when small and medium

businesses are liquidated to pay death taxes; and

WHEREAS, if the death tax had been repealed in 1996, the

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.168049.1

United States economy would have realized billions of dollars

of extra output each year and an average of one hundred forty-

five thousand additional new jobs would have been created; and

WHEREAS, having repeatedly passed in the United States

house of representatives and senate, repeal of the death tax

holds wide bipartisan support;

NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF

REPRESENTATIVES OF THE STATE OF NEW MEXICO that the elected

representatives and senators in the United States congress be

requested to support, work to pass and vote for the immediate

and permanent repeal of the death tax; and

BE IT FURTHER RESOLVED that copies of this memorial be

transmitted to the members of New Mexico's congressional

delegation.

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