Budget & Taxes

in committee · New Mexico · House Mar 24, 2026

HB 114: EXPAND DOUBLE UP FOOD BUCKS PGM

HB 114 appropriates $1 million from the general fund to expand New Mexico's Double Up Food Bucks program for fiscal year 2027. The bill directly helps SNAP participants by doubling their purchasing power for meat, nuts, eggs, and fresh fruits/vegetables at New Mexico farmers' markets. It requires the Board of Regents of New Mexico State University to manage the funds, with any unspent balance reverting to the general fund by year-end. This concrete funding increase aims to increase access to fresh, healthy food for low-income residents at local farmers' markets.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $1M from general fund to expand SNAP food program, directly increasing public assistance funding without tax changes.95% confidence ✓ HealthcareSupports HealthcareExpands access to nutritious food through SNAP, aligning with public health initiatives under healthcare's scope by improving dietary access for vulnerable populations.85% confidence

Sub-Topics Procurement State Budget

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in committee · New Mexico · Senate Mar 24, 2026

SB 198: LAS VEGAS ENDANGERED SPECIES HATCHERY

SB 198 appropriates $10 million from the general fund to New Mexico's Department of Game and Fish for designing, planning, and constructing an aquatic endangered species hatchery and rearing station in Las Vegas during fiscal year 2027. The bill directly affects the Department of Game and Fish, which will use the funds to build this facility for protecting endangered aquatic species. Any unspent money by the end of fiscal year 2027 must revert to the general fund. This is a funding bill with no policy changes beyond authorizing the construction project.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $10M from general fund for endangered species hatchery, directly funding a specific program under budget management.90% confidence ✓ EnvironmentSupports EnvironmentDirectly funds $10M hatchery to protect endangered aquatic species, advancing conservation efforts as per bill's purpose.95% confidence

Sub-Topics State Budget Wildlife

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signed · New Mexico · House Mar 4, 2026

HB 154: ADVANCED ENERGY PRODUCT DEFINITION

HB 154 updates the definition of "advanced energy product" for New Mexico's existing tax credit programs. It specifies that qualifying products include solar components (like panels and cells), wind turbine parts, battery materials, fusion machine components, and critical minerals (such as lithium and cobalt). This definition determines eligibility for the Advanced Energy Equipment Income Tax Credit and Corporate Income Tax Credit, which provide tax relief for manufacturers investing in qualifying facilities within New Mexico. The bill directly affects businesses producing these specific energy technologies who seek to claim the tax credits.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility for energy manufacturers, providing tax relief under existing programs, directly supporting tax policy.90% confidence ✓ EnergySupports EnergyExpands tax credit eligibility for renewable energy components (solar, wind, batteries, critical minerals), directly promoting clean energy investment and infrastructure development.95% confidence ✓ EnvironmentSupports EnvironmentExpands tax credits for renewable energy products (solar, wind, batteries), directly promoting clean energy adoption and reducing fossil fuel reliance95% confidence

Sub-Topics Business Taxes Income Tax Tax Credits Energy Storage Solar Wind

signed · New Mexico · Senate Mar 6, 2026

SB 152: LOW-INCOME TELECOMM. ASSISTANCE PROGRAM

SB 152 establishes a new Low-Income Telecommunications Assistance Program in New Mexico, replacing the previous "Low Income Telephone Service Assistance Act." The program directly affects low-income residents who qualify for telecom service assistance, waiving specific fees including the 911 emergency surcharge and telecommunications relay service surcharge. Key provisions include restructuring the existing broadband program, setting budget caps for the state rural universal service fund, and requiring regular reporting on program administration. The bill repeals the outdated Low Income Telephone Service Assistance Act to streamline eligibility and funding under the new framework.

Topics ✓ Budget & TaxesSupports Budget & TaxesWaives 911 emergency and relay service surcharges for low-income residents, providing direct tax relief per bill's fee waiver provisions.95% confidence ✓ TechnologySupports TechnologyBill waives telecom fees for low-income residents and restructures broadband program to expand internet access and promote digital equity.95% confidence

Sub-Topics Fees & Licensing Broadband Access Telecommunications

in committee · New Mexico · Senate Mar 24, 2026

SB 194: LUNA COLLEGE BASEBALL FIELD

SB 194 allocates $5 million from the state general fund to the Higher Education Department for a new softball and baseball field at Luna Community College, to be spent in fiscal year 2027. Any unspent funds at year-end will revert to the general fund. The bill directly affects Luna Community College by funding a specific athletic facility and the Higher Education Department as the administering agency. This is a straightforward funding measure with no policy changes beyond the appropriation.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $5M from general fund for college athletic facility, increasing state funding for education infrastructure under budget appropriations.95% confidence ✓ EducationSupports EducationAllocates $5M for a college athletic facility, directly funding higher education infrastructure per bill summary.95% confidence

Sub-Topics Appropriations State Budget Higher Education

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in committee · New Mexico · House Mar 24, 2026

HB 143: HEALTH CARE CHANGES

HB 143 expands tax credits for healthcare providers working in New Mexico's rural underserved areas. It increases the rural health care practitioner tax credit to $15,000 annually for physicians/dentists/optometrists (requiring 1,584+ hours of service) and $9,000 for other providers like nurses, pharmacists, and therapists. The bill also creates a new Medical Residency Loan Repayment Act to award loan repayment assistance to qualifying medical residents and fellows. These provisions directly target healthcare professionals in rural communities to improve provider recruitment and retention.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credits for rural healthcare providers, providing direct tax relief to incentivize service in underserved areas, aligning with fiscal support for public health funding.95% confidence ✓ HealthcareSupports HealthcareExpands tax credits and loan repayment for rural healthcare providers, improving access to care in underserved areas.95% confidence

Sub-Topics Tax Credits

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in committee · New Mexico · House Mar 24, 2026

HB 92: SENIOR INCOME TAX DEDUCTION

HB 92 would expand New Mexico's tax exemption for Social Security income, directly benefiting seniors whose primary income comes from Social Security. The bill phases in higher tax exemptions over time: starting at 20% for 2026-2027, increasing to 40% (2028-2029), 60% (2030-2031), 80% (2032-2033), and reaching 100% by 2034. It sets income thresholds: $75,000 for married filing separately, $150,000 for joint filers, and $100,000 for single filers. The bill is currently pending before the House Commerce & Economic Development and Taxation & Revenue Committees.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for seniors (lower/middle income) via phased Social Security tax exemption, reducing their tax burden per bill's income thresholds and phased implementation.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives Tags Seniors

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in committee · New Mexico · House Mar 24, 2026

HB 41: TEMPORARY PERA MEMBER PAYMENT

HB 41 provides a temporary, additional 2% payment to eligible retired public employees under New Mexico's Public Employees Retirement Act (PERA) for fiscal years 2027 and 2028. It directly affects retirees who meet specific criteria, such as having retired for at least two years (or one year if over 65), disability retirees with one year of retirement, or survivor beneficiaries with two years of payments. The bill appropriates $70 million from the general fund to cover these payments, which are calculated as 2% of each recipient’s current pension amount (not compounded), with special provisions for retirees receiving under $25,000 annually or aged 75+.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $70M from general fund to fund retiree payments, directly increasing public expenditure on essential retiree benefits under PERA.95% confidence

Sub-Topics Pensions State Budget

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signed · New Mexico · Senate Feb 2, 2026

SB 19: SCHOOL FINANCE UNIT VALUE RESET

SB 19 adjusts New Mexico's public school funding calculation for fiscal year 2026 by resetting the "unit value" used to determine state education funding. It requires the Secretary of Public Education to adjust this value by February 27, 2026, based on statewide unit counts after consulting with finance departments and legislative committees. This change directly affects all public schools in New Mexico by altering the formula for calculating their state funding allocation for that fiscal year. The bill is a temporary adjustment for FY2026, not a permanent change to the school finance system.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill adjusts school funding calculation formula for fiscal year 2026, ensuring proper state education funding allocation as part of fiscal management.90% confidence

Sub-Topics Appropriations

in committee · New Mexico · Senate Mar 24, 2026

SB 196: LAS VEGAS ANIMAL CARE CENTER PROGRAMS

SB 196 allocates $2.5 million from the state general fund for fiscal year 2027 to fund spay/neuter programs, veterinary care, and facility improvements at the Las Vegas Animal Care Center. The bill directly affects the center's operations by providing funding for essential animal health services and infrastructure upgrades. It requires the Local Government Division of the Department of Finance and Administration to contract these services, with any unspent funds reverting to the general fund by year-end. This is a funding measure, not a policy change, focused on supporting animal welfare services at a specific municipal facility.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $2.5M from state general fund for essential animal care services, directly funding public programs per budget allocation.90% confidence

Sub-Topics State Budget

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