Tax Rebates: $750 Payment in 2023

Governor Michelle Lujan Grisham (D-NM), according to reports,

is pleading with New Mexico legislators to use the state's anticipated surplus to pay for increased tax rebates to citizens.

Due to a surge in oil and gas production, the projected budget surplus in the Land of Enchantment could amount to $3.6 billion.

According to a report from KRQE News 13, Sackett said.

As the session draws near, "the governor will continue to work closely with legislative leadership to finalise a potential package."

The three waves of rebates that New Mexico distributed over the course of the previous year were launched in May, July, and August, respectively.

This included a $250 payment in July for single tax filers making under $75,000 in 2021

and a $500 payment in July for joint filers making under $150,000.

Additionally, it included a $250 payment for individual filers and a $500 payment for joint filers in May and August.

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