NM SB150

Creates income tax credits for owners of local news printers that employ qualified workers in pre-press, press, and post-press newspaper production at physical locations in New Mexico

Credit equals wages paid to qualified employees, capped at $10,000 per full-time employee (20+ hours/week) and $5,000 per part-time employee (under 20 hours/week)

Total annual aggregate cap of $1,000,000 for all local news printer credits combined, with applications processed in order received

Credits are refundable if they exceed tax liability; taxpayers limited to credits for no more than 100 qualified employees per local news printer

Applies to taxable years beginning January 1, 2026 through December 31, 2030; qualifying printers must have at least 5 years in business and employ at least 5 qualified employees