Senator Tim Keller (SD-17) Takes on Big Legislative Agenda.
Senator Tim Keller (D-Albuquerque) is commited to adressing key issues and tackling the state's urgent problems. Tim has introduced 100 pieces of legislation to address topics ranging from higher education reform to small business development. He has been successful in passing 30 bills pertaining to the following issues:
2012 "JOBS AND REFORM" AGENDA
In the upcoming legislative session, Senator Keller plans to introduce a several pieces of legislation targeted at economic development, job creation and government reform. This includes the following bills:
2012 Economic Development and Job Creation Bills
SB 15: Capital Expenditure Tax Deferment/Anti Pryamiding makes NM more tax competitive, stimulates infrastructure for big and small businesses, and dilutes pryamiding and stimulate infrastructure for big and small businesses. This bill will create a tax credit for all capital expenditures that can be used to defer state gross receipts tax (GRT) payments until debts are repaid or 5 years have passed. In effect, this bill would establish a tax-free loan (via the tax credit) for capital expenditures. It would also align the timing of capital expenditure tax liability withthe incremental revenue associated with the investment.
Sponsored Legislation Passed
ˇ SB 44 Film Incentive Accountability: best practices bill would add economic impact reporting requirements, return on investment, jobs created, etc for our $75 million film program. With this bill our film program can finally be properly evaluated on an ongoing basis so that policy makers can determine if we should reduce, increase or keep the same the elements of this program
ˇ SB 47 Tax expenditure budget: Requires tracking of all revenue foregone by various tax expenditures, deductions and incentives. It also would track the benefits associated with each policy to the economy (jobs created, businesses grown etc). This is used in 42 other states in one form or another. With this in place we will be able to evaluate the effectiveness of our tax policy and economic incentives. LFC estimates we have at least $2 billion in total exemptions, incentives and tax expenditures.
Job Creation and Local Economy
ˇ SB 19/1 In State Business Preference: will bolster local business in New Mexico with an effective state government purchasing preference for New Mexican companies. By implementing a straightforward, enforceable preference for all types of New Mexico businesses for all forms of state purchasing, New Mexico can meaningfully encourage and support local businesses from agriculture to IT to professional services to construction. This bill retains the 5% preference, but makes it apply to all types of contracts and all types of businesses; it eliminates 20 pages of exemptions. Drastically simplify and strengthen our current local procurement preferences with a meaningful, but modest, 5% discount on points or bid value (depending on the type of contract) for companies that are actually âNew Mexicoâ local companies. This program would also utilize best practices from other laws around the country to ensure accountability and enforcement.
ˇ SB 63 Local Food Purchase Requirement: would create increasing local purchasing requirements for state agencies over time. Starting with 2% of all state purchases required to be local in 2012, staggered to 10% by 2016, this bill would phase in local purchasing for foods. This bill would ensure that our state supports our local agricultural economy. By keeping the specifications broad, each agency could determine the best method for implementation, however, this bill does not allow for any exemptions fro the percentages for any agency
ˇ HB64 Construction Litigation (Senate Sponsor): (Senate Sponsor): requires that all construction related litigation for projects on New Mexico soil be litigated in New Mexico
ˇ SB 237 Renewable Financing: adds educational institutions to the Bonding Act so that schools (higher ed and PED) can include renewable projects in their bonding efforts. Also Extends the length of a bond term from 10 to 25 years for certain projects under the Energy Efficiency and Renewable Energy Bonding Act.
ˇ SB 257 (2009) Solar Tax Credit: created a 40% solar tax credit for residential solar panels
Accountability and Oversight
ˇ SB 47 (2010) Economic Incentive Accountability: in an effort preserve our strong incentives and also add lacking accountability, this best practices (used in ABQ incentives and other states) bill would add economic impact reporting requirements, local hiring preferences and claw back provisions to our $700 million worth of economic incentives. Some of our current incentives have these provisions, but at least 30 are âgive and forgetâ to various interests and companies.
ˇ SB 187 Program Evaluation and Accountability: would create an LFC office of accountability and enable the LFC to receive and protect confidential information necessary for its important oversight function. The Legislature passed my Senate Bill 531 (almost the same as this) in the 2009 regular legislative session â 41-0 in the Senate and 67-0 in the House. However, the Governor pocket-vetoed the bill. The bill originated from recommendations made by the Legislative Structure and Process Study Task Force.
ˇ HB 34 Diploma 'career tech' stamp: would enable a special stamp on high school diploma's indicating various technical certifications or training. Similar to a "major" in college, this stamp would create a verifiable job training document for high schoolers pursuing further training or careers in field they have studied in high school
ˇ SB 226 (2009) Community Schools: this bill created an insurance umbrella to enable all community uses for public schools such that liability would not be borne by the school, district or individual.
Investment Fund Reform and Ethics
ˇ SB 17/64 State Investment Council Changes: the number one recommendation by the Ennis Knupp research completed in 2010 was to remove the Governor as chair of the State Investment Council (SIC). SB 18 in 2010 attempted this but was amended at late stages in the legislative process to keep the Governor on the board. This bill would remove that seat entirely. Executive branch power and representation would remain via several executive appointed seats and representation of the DFA secretary. NM is currently the only state in the country with a Governor personally residing on the state's investment fund board and directly responsible for investment decisions.
ˇ SB 25 Economic Targeted Investment Oversight: the SIC will establish a formal structure and performance metrics for all the ETIs (NM private equity, film fund, etc) to be reviewed separately by a state investment council (SIC) subcommittee. Performance tracking would also be separated so that co-mingling of ETIs with our âendowmentâ funding will not occur. The subcommittee will also recommend a confidentiality process that ensures information is protected and results are identifiable. The bill also eliminates the current statutory ineffective Private Investment Advisory committee (PIAC) structure.
ˇ SB 18 (2010): State Investment Council Reform: The rationale for this bill is to apply the âagency theoryâ to the governance of investment funds. The agency theory is when an agent acts on behalf of a principal in order to advance the goals of the principal. The agency theory is a way to separate ownership from control. Applying this theory to investment bodies will create a strong, stable, and capable committee structure that will improve quality and accountability. This will improve and protect objectivity and independence in investments, foster greater public confidence, establish structural and institutional confidence, and promote honest and ethical conduct.
ˇ HRJ 17 PRC Reform â Restructuring the Insurance Division (Senate Sponsor): constitutional amendment to enable the legislature to remove and or restructure state insurance division activities
ˇ SM 20: State Fair Task Force: convenes a task force to look at long term uses of the fairgrounds, and requires community input and a public competitive RFP process
ˇ SM 1 Asian American Center: Requesting the State Fair Commission and Expo New Mexico to meet with all interested parties in the effort to establish and maintain an Asian American Center for cultural programming at Expo New Mexico. Due to the size of the Asian community with its rich and varied traditions in New Mexico it is reasoned that a facility similar to the Indian Village, Villa Hispanic Arts, and African American Pavilion should be considered. Additionally the Asian American Center will generate interest and bring visitors to Expo New Mexico year round
ˇ Capital Outlay: $5m in funding to clean up the state fair grounds, $1m in funding for our local schools, $1 in funding for early childhood care center and healthcare in our district
ˇ SJM 24 (2009) Recognizing Albuquerqueâs International District: this bill rebranded the old âwarzoneâ in an effort to help bring a new positive identity to the area. The old term was seen as racist and derogatory, bad for business and property value. The idea for the new name came from a 7 year effort and series of town halls. The bill also passed at the county and city levels
ˇ Feb 23: International District Day
ˇ Fed 23: Asian American Day
ˇ HJM 16 Mental and Behavior Disability Awareness: serves notice to the three areas that our society often lets slip in our efforts to give each individual equal rights and dignity by reminding the public that individuals with disabilities are valued employees, have a right to drive if they pass the same test we all do and should not be derogatorily labeled, which includes the use of the term 'retarded'.
ˇ SB 232 (2009) Adaptive Driving Program: this bill establish liability coverage to enable the adaptive driving program for the physically disabled
ˇ SB 299 (2009) Safe Exchange: established protocols for the safe exchange of children under split care from parents and the state.
Sponsor Legislation Introduced
Tax and Budget
ˇ SB 39 GRT deductions disclosure: currently all GRT deductions are listed by entities, but the specific deduction is not require to be disclosed. As a result our state has little means of discerning how much each type of deduction is worth to the state and the business. With over $1b in annual deductions this lack of transparency significant hurts budget planning and creates an incentive for tax fraud
ˇ SB 684 (2009) Oil and Gas Hedging: Senate Bill 684 would permit the State Board of Finance (BOF) to enter into commodity hedging contracts in order to âestablish a desired level of predictability and reduced volatility of tax receiptsâ within the Severance Tax Bonding Fund (STBF). In order for BOF to enter into such contracts it must find that such a contract would: Address information asymmetry, Be in the best interests of the state, Result in a more stable and less volatile revenue stream to the state
ˇ SB 22 (2010) Biannual Budgeting: would streamline our budgeting so that the state would have rolling two year budgets.
ˇ SB 63 (1010) Create state wide strategic planning commission
ˇ SB 30 Regulatory Reform-Uniform Rule Making Procedures: this bill is the outcome of the year long task force based comprised of business, environmental, legal and community members. NM is the last state in our country that does not follow this standard, as a result any executive agency can change/alter the licensing/permitting process as they see fit as many times as they like. The result is the ârules of the gameâ are different for nearly every entity that touches state government. This bill would standardize procedures such as public comment periods, appeal methods, fee structures and response requirements among others
ˇ SM 3 Workforce Tracking (2010): This memorial calls for a collaborative effort between the New Mexico Department of Workforce Solutions and the New Mexico Economic Development Department to identify, project and track the future work force needs of New Mexico business and government. The memorial calls for the departments to engage in this long-range planning as a benefit to the state. The Department of Workforce Solutions will need to track the types of jobs that will meet future work force needs. With this information, the Economic Development Department will be able to more carefully consider the needs and abilities of the Stateâs work force as it recruits industry to the state.
ˇ SM 4 (2010) Biannual Business Expo: This memorial recognizes the need for continued job growth and development throughout the state. This business expo will allow businesses to showcase their important services and products and to connect with others with similar interests promoting strong statewide business expansion opportunities.
ˇ SB 175 (2009): Native New Mexican Returnee job investment tax credit
Job Creation and Local Economy
ˇ SB 26 Access to Capital: To directly provide, or through other qualified CDFIs, 100s of millions of dollars in needed financing for disadvantaged populations in New Mexico; create a vehicle for tribes to access capital and funds into larger scale projects; and to offer a real return investment vehicle for private entities wishing to invest in New Mexico and keep dollars filtering through our economy (example, Tribes, Private Bank Funds and Foundations, etc).
ˇ HB 66 (2010) State Funds in community Banks: The proposed legislation also requires STO, DFA, and representatives of both the State. Investment Council (SIC) and State Board of Finance (BOF) to study the feasibility âof dividing the general fund operating cash depository account between community banks and credit unions in order to ensure that state money benefits New Mexico residents.â The results of such a study would then be reported to LFC and the Governor by December 1, 2010.
ˇ SB 15 (2010) Allow electronic documents at the PRC
Accountability and Oversight
ˇ SB 18 Investment Fraud Accountability: provisions that give the AG investigative authority for securities fraud. Currently the authority rests with in the executive branch (inside the licensing and regulations department) creating a structural conflict of interest. This bill also broadens the threshold for prosecution of fraud (from the Martin Act from NYC). This will enable us to recover out percentage of the estimated $1.3B currently under lawsuit around the country.
ˇ SB 75 Non Franchise Auto Dealer Continuing Education: this consumer protection bill address bad actors in the independent auto dealer industry by requiring half day training every 2 years for license renewal. This bill in endorsed and supported by the independent
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11023 Vistazo Pl SE 87123 ;
During Session: 505 986-4726, Out of Session: 505 332-9441