On March 16, 2023, the New Mexico Legislature passed sweeping legislation which significantly increased the homestead exemption for New Mexicans from $60,000.00 per person up to $150,000.00 per person.  This increase is part of a $1.1 billion tax relief plan aimed at providing assistance to businesses and individuals that were affected by the Covid-19 pandemic. […] The post Homestead Exemption Bill Passed by New Mexico Legislature in 2023 appeared first on New Mexico Financial & Family Law.

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