New Mexico Governor vetoes bill to help with tax exemptions for small oil and gas wells


New Mexico Gov. Michelle Lujan Grisham stepped in and used her veto powers to kill a bill to give a tax exemption to operators of small oil and gas wells in her state.

The exemption for “stripper” wells was included in a catch-all tax package approved in February by the New Mexico legislature. But the governor used a line-item veto power against the exemption. It was the only veto in the 149-page tax packager reported Source NM.

The governor had been urged by a coalition of 29 environmental groups to veto the exemption, calling it an “unnecessary and unsound tax giveaway” to polluters.

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