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10:55am -- Senate OKs Rebate Package |
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Written by Bruce Daniels - ABQnewsSeeker
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Wednesday, 12 October 2005 |
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Conferees agree to $253.7 million energy relief package.
The full Senate has just approved on a voice vote an agreement by House-Senate conferees that includes an income-tax reduction for the highest income bracket, some $106 million in income-tax ebates, a $37.5 million home heating assistance package, but no sales tax holiday that was originally part of the Senate bill. Gov. Bill Richardson had objected to the Senate's original $260 million price tag as excessive, but House and Senate negotiators came up with a package that nearly equals the original Senate figure. The package was expected to cost an overall $253.7 million over two years. Richardson wasn't immediately available for comment. The House must now vote on the package before it is sent on to the governor.
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