Tax, Business and Transportation

HB 103 caps annual increases in residential property tax assessments at 103% of the prior year's value or 106.1% of the value from two years prior, whichever is higher. This limit does not apply if a property's zoning changed or if ownership transferred in the year before the tax year. The bill also requires counties with low property sales ratios to reassess properties to meet a minimum threshold before the cap applies. It takes effect for tax years beginning January 1, 2026.

HB 309 amends New Mexico's property tax code to explicitly include energy storage systems in the special valuation method for electric utilities. It defines "storage" as technology that converts, stores, and returns electricity to balance supply and demand, ensuring these systems are treated like generation and transmission assets for tax purposes. This directly affects utility companies owning energy storage equipment, requiring them to be valued under the same tax rules. The bill changes how such property is assessed but does not alter tax rates or create new financial obligations. The update applies to property tax years beginning January 1, 2027.

HB 20 requires New Mexico's Motor Vehicle Division to add a Native American designation to driver's licenses and identification cards when requested by applicants who provide tribal documentation. It directly affects Native American applicants in New Mexico who can verify tribal membership through an enhanced tribal card, tribal ID, certificate of Indian blood, or tribal/BIA affidavit. The bill mandates that the designation must not specify a particular tribe or pueblo, and cannot include personal information beyond what is needed to confirm tribal membership. This policy change allows tribal members to have their cultural identity recognized on official state IDs without revealing specific tribal affiliations.

HB 38 requires New Mexico health insurance plans to cover wheelchairs and activity chairs for individuals with permanent mobility-limiting conditions (such as paralysis, limb loss, or neuromuscular disorders) without more restrictive terms than other medical benefits. The bill mandates coverage equivalent to Medicare standards, including all necessary services like fittings, repairs, replacements, and instruction, while prohibiting separate cost-sharing or lifetime limits for these devices. It also ensures insurers must cover out-of-network providers when in-network options are unavailable and reimburse at in-network rates. This applies to all group health plans under the Health Care Purchasing Act.

HB 306 prohibits hospitals from charging patients facility fees for preventive care, vaccinations, and telehealth services starting January 1, 2027. It exempts critical access hospitals, rural sole community hospitals, and emergency department services (both hospital-based and freestanding). The bill requires hospitals to notify patients about potential facility fees before appointments and during care, display bilingual signage, and provide itemized bills showing these charges. Hospitals must also report facility fee data to the state's All-Payer Claims Database for transparency and analysis.