HB 447 New Mexico House · 2025 Regular Session

GAMING TAX EXEMPTION IN DISASTER AREA

HB 447 temporarily exempts gaming operators licensed in areas declared disaster zones due to wildfires (specifically those declared in June 2024) from paying gaming taxes until July 1, 2029. The bill applies directly to licensed gaming businesses operating in these affected wildfire zones. Key provisions include requiring the exemption to be tracked in the state's tax expenditure budget and setting a fixed repeal date of July 1, 2029. This policy change removes a specific tax obligation for affected businesses during the recovery period.

Issues: ✗ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 17, 2025 Last action Jun 3, 2025

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Full legislative history

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Committee

Mar 1, 2025

Lower · Passed

DO PASS committee report adopted

lower

Feb 17, 2025

Introduced

Sent to House Commerce & Economic Development Committee & House Taxation & Revenue Committee

lower

5 primary · 0 co-sponsors