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HB 145 New Mexico House · 2026 Regular Session

HIGH-WAGE JOB TAX CREDIT DATES

HB 145 extends the deadline for businesses to apply for New Mexico's High-Wage Jobs Tax Credit. The bill amends the existing tax code to require annual applications to be filed by December 31 of the year following the qualifying period, instead of the previous deadline. This credit allows eligible employers to claim 8.5% of wages for new high-wage jobs (capped at $12,750 per job), directly affecting businesses creating qualifying positions in New Mexico. The change simplifies the filing timeline but maintains all other eligibility rules, such as wage thresholds, occupancy requirements, and restrictions on jobs created through business mergers.
Issues: ✓ Budget & TaxesSupports Budget & TaxesExtends tax credit deadline for businesses, providing tax relief for high-wage job creation, aligning with fiscal responsibility and economic growth indicators.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill extends tax credit deadline for high-wage jobs (8.5% wage credit), incentivizing businesses to create better-paying positions, directly supporting labor & employment goals of higher wages and job quality.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 22, 2026 Last action Mar 24, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
4
Key actions
2
Committee
2
Feb 9, 2026
Lower · Passed
DO PASS committee report adopted
lower
Feb 3, 2026
Lower · Passed
DO PASS committee report adopted
lower
Jan 22, 2026
Introduced
Sent to House Commerce & Economic Development Committee & House Taxation & Revenue Committee
lower
2 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Josh Hernandez
Josh Hernandez
RRepublican
NM
60
P
Photo of Meredith Dixon
Meredith Dixon
DDemocratic
NM
20