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SB 27 New Mexico Senate · 2025 Regular Session

STATE ROAD FUND DISTRIBUTION INCREASE

SB 27 changes how motor vehicle excise tax revenue is allocated in New Mexico. It eliminates the current 59.39% distribution to the general fund and increases the allocation to the State Road Fund from 21.86% to 81.25%, with the remaining 18.75% going to the Transportation Project Fund. This policy shift directly affects state budget priorities by redirecting tax revenue toward road infrastructure. The changes take effect on July 1, 2026.
Issues: ✓ Budget & TaxesSupports Budget & TaxesRedirects motor vehicle tax revenue from general fund to road infrastructure, increasing transportation funding allocation. This reallocation supports budget prioritization for transportation projects.95% confidence ✓ TransportationSupports TransportationBill redirects 59.39% of motor vehicle tax revenue from general fund to State Road Fund (81.25%) and Transportation Project Fund (18.75%), directly increasing transportation infrastructure funding.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2025 Last action Jun 3, 2025
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
0
Jan 21, 2025
Introduced
Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Pat Woods
Pat Woods
RRepublican
NM
7