SENATE BILL 449

54th legislature - STATE OF NEW MEXICO - first session, 2019

INTRODUCED BY

Jacob R. Candelaria

AN ACT

RELATING TO ELECTIONS; REQUIRING THE PUBLIC DISCLOSURE OF INCOME TAX RETURNS BY PRESIDENTIAL AND VICE PRESIDENTIAL CANDIDATES IN ORDER FOR A PRESIDENTIAL TICKET TO APPEAR ON A GENERAL ELECTION BALLOT.

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

     SECTION 1. A new section of the Election Code is enacted to read:

     "[NEW MATERIAL] REQUIRING PRESIDENTIAL AND VICE PRESIDENTIAL CANDIDATES TO DISCLOSE INCOME TAX RETURNS.--

          A. At least seventy days prior to a general election, a candidate for the office of president or vice president of the United States shall:

                (1) file with the secretary of state copies of the candidate's federal income tax returns for the five most recent taxable years for which a return was filed with the internal revenue service; and

                (2) provide written consent to the secretary of state on such form as shall be prescribed by the secretary of state for the public disclosure of the income tax returns in accordance with Subsection B of this section.

          B. Income tax returns filed with the secretary of state pursuant to Subsection A of this section shall be made publicly available on the website of the secretary of state no later than seven days after such income tax returns have been filed. Social security numbers, employer identification numbers, home addresses and phone numbers shall be redacted from the income tax returns prior to the returns being made publicly available.

          C. If a candidate for the office of president or vice president of the United States fails or refuses to comply with Subsection A of this section, the candidate's presidential ticket shall not be printed on the general election ballot."

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