HOUSE BILL 657

49th legislature - STATE OF NEW MEXICO - first session, 2009

INTRODUCED BY

Mary Helen Garcia

AN ACT

RELATING TO TAXATION; PROVIDING A DEDUCTION FROM THE PERSONAL INCOME TAX FOR INCOME DERIVED FOR SUBSTITUTE TEACHING.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     Section 1. A new section of the Income Tax Act is enacted to read:

     "[NEW MATERIAL] DEDUCTION--SUBSTITUTE TEACHER PAY.--

          A. An eligible taxpayer may claim a deduction from net income in an amount not to exceed fifty thousand dollars ($50,000) of income paid during the taxable year by a public school in New Mexico to the eligible taxpayer for service as a substitute teacher.

          B. A husband and wife who file separate returns for a taxable year in which they could have filed a joint return may each claim only one-half of the deduction provided by this section that would have been allowed on a joint return.

          C. For the purposes of this section, "eligible taxpayer" means a taxpayer who worked as a full-time teacher for at least twenty years, who is retired from a position as a full-time teacher and who is certified by the public education department to provide service as a substitute teacher."

     Section 2. APPLICABILITY.--The provisions of this act apply to taxable years beginning on or after January 1, 2009.

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