SHORT-TERM RENTAL WORK GROUP

House Memorial 52 requests New Mexico's Economic Development, Tourism, and Taxation departments to create a work group studying short-term rentals' economic impact, taxation, and regulations. The work group must include industry and local government representatives and report findings by December 2025. The memorial also directs county assessors to temporarily halt reclassifying short-term rental properties from residential to nonresidential tax status until the study concludes. This directly affects homeowners and rental operators who rely on short-term rentals for supplemental income and face potential tax changes. The bill does not create new law but mandates a data-driven review before policy changes.