HB 153 establishes a state rebate program to incentivize the use of low-carbon construction materials, such as cement, steel, and glass, in eligible projects (over one residential unit or 5,000 square feet of nonresidential space). Material buyers (e.g., developers or contractors) can receive rebates for purchasing materials meeting emissions benchmarks set by the Department of Environment - 15% below industry-average greenhouse gas emissions - verified through independently assessed environmental product declarations. Rebates are capped at $500,000 per project and $10 million statewide annually, with priority given to projects achieving the greatest emissions reductions and using New Mexico-made materials. The program requires annual reporting on emissions reductions and includes strict antifraud measures, including penalties for false claims.
SB 123 allocates $1.2 million from the state general fund to the Public Education Department to provide grants to public schools for purchasing, installing, testing, or maintaining automated external defibrillators (AEDs). The funding is restricted to schools meeting specific requirements under state law and excludes urban-area schools from 2027 grants, with a maximum of $400,000 spent annually through fiscal year 2029. Unspent funds by 2029 will revert to the general fund. This bill directly affects public schools seeking AED equipment funding, with no new mandates beyond the existing legal requirements for school AED programs.
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.
HB 232 creates a one-time $1,000 tax credit for New Mexico taxpayers who purchase certified secure gun storage (such as safes, lock boxes, or gun cases) starting in 2026. To qualify, buyers must obtain certification from the Public Safety Department confirming the storage meets safety standards, and the total annual credits are capped at $500,000. Taxpayers can claim the credit within one year of purchase to reduce their state income tax bill, with unused portions refunded. The credit applies only to individual taxpayers purchasing new storage devices for personal firearm storage, not to businesses or dependents.
SB 118 increases the price limits for New Mexico's back-to-school tax holiday, allowing families to buy more items tax-free during the annual sales period. It raises the clothing price limit from $100 to $150 (excluding athletic wear and accessories) and the computer limit from $1,000 to $1,500 (including associated items up to $750). The bill affects shoppers purchasing qualifying school supplies, clothing, and computers between July 1 and the following Sunday. The changes take effect July 1, 2026, and apply to all eligible items sold during the designated tax holiday window.
SB 185 increases New Mexico's gasoline tax from 17 cents to 20 cents per gallon, effective July 1, 2026. This change directly affects all drivers and businesses purchasing gasoline within the state, as the tax applies to every gallon received in New Mexico. The bill amends Section 7-13-3 of the state tax code to update the excise tax rate. The policy change is a straightforward rate adjustment with no additional provisions or exemptions described in the bill text.
SB 200 appropriates $500,000 from the government results and opportunity program fund to the Public Education Department for the KANW educational radio station. The funds are specifically for purchasing equipment and adding reporter resources to cover rural New Mexico news during fiscal year 2027. Any unspent money at year-end must revert to the original fund. This bill directly supports KANW's operational capacity to expand local news coverage in underserved rural areas. The measure is a straightforward funding allocation with no additional policy changes.
SB 76 increases New Mexico's gasoline tax from 17 cents to 23 cents per gallon and raises the special fuel excise tax from 21 cents to 26 cents per gallon. This bill directly affects all consumers and businesses purchasing gasoline or special fuels in New Mexico, as it raises the cost per gallon for these products. The key change is the specific tax rate increase for both fuel types, effective July 1, 2026. The bill makes no other policy changes beyond adjusting these excise tax rates.
