TAX RETURN INFO FOR LFC EVALUATION

HB 199 allows New Mexico's tax department to share aggregated taxpayer return information (without personally identifiable details) with the Legislative Finance Committee (LFC) staff. It enables the LFC to evaluate state or local government programs with fiscal impacts, such as budget proposals or policy initiatives. The bill requires the department and LFC to establish security protocols via a memorandum of understanding, limits shared data to aggregated figures (not individual returns), and mandates confidentiality safeguards. This change directly affects LFC staff and tax department employees, who must follow strict protocols when handling the information. The bill does not alter tax laws but creates a new, limited exception to taxpayer confidentiality for budget analysis.