Budget & Taxes

in committee · New Mexico · House Mar 24, 2026

HB 37: MAN-MADE WATER INFRASTRUCTURE FAILURE

HB 37 modifies New Mexico's property tax law to allow agricultural land temporarily resting due to a special water district's man-made infrastructure failure (reducing water delivery to 70% or less of prior year levels) to maintain its agricultural tax valuation. This directly affects landowners in areas served by special water districts (like acequias or irrigation districts) whose water supply is disrupted by such failures. The bill requires the water district to certify the water shortage to the county assessor, enabling landowners to retain agricultural tax status without needing to actively farm during the disruption. It updates existing tax rules to include this specific scenario as a qualifying reason for "agricultural use" under property tax valuation.

Topics ✓ Budget & TaxesSupports Budget & TaxesPrevents tax increase for agricultural landowners affected by water infrastructure failure, maintaining lower property tax valuation per modified tax law.95% confidence

Sub-Topics Property Tax Tags Agriculture

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in committee · New Mexico · House Mar 24, 2026

HB 193: SCHOLARSHIPS FOR PRIVATE ED & TAX CREDITS

HB 193 creates a scholarship program allowing school tuition organizations to award financial aid to low-income students attending private schools in New Mexico, while establishing tax credits for donors. It directly affects low-income families (defined by federal lunch program income standards) who choose private schools, provided students previously attended a public or home school in New Mexico. Key mechanisms include requiring organizations to allocate 90% of funds to scholarships, prohibiting single-school restrictions, mandating annual financial reports, and requiring audits for organizations receiving $500,000+ in donations. The bill also creates individual and corporate income tax credits for contributions to these scholarship organizations, with strict transparency rules for public reporting.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax credits for donors, reducing government revenue. Aligns with tax breaks for wealthy donors per 'oppose' indicators, despite benefiting low-income students.90% confidence ✓ EducationSupports EducationCreates scholarship program for low-income students to attend private schools, expanding educational access through direct financial aid for private education options.90% confidence

Sub-Topics Business Taxes Income Tax Higher Education School Choice Student Financial Aid

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in committee · New Mexico · Senate Mar 24, 2026

SB 113: AGRICULTURAL BIOMASS TAX CREDIT AMOUNTS

SB 113 increases New Mexico's agricultural biomass tax credit from $5 to $10 per wet ton for dairy and feedlot owners who transport biomass to facilities generating electricity or biocrude fuel. It directly affects dairy and feedlot operators by allowing them to claim this credit against state income or corporate taxes for eligible biomass transportation. The bill sets a $5 million annual cap on total credits, allows unused credits to carry forward up to four years, and permits credit transfers between taxpayers. This change applies to taxable years ending before January 1, 2030, and aims to incentivize renewable energy production from agricultural waste.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases agricultural tax credit from $5 to $10/ton, providing direct tax relief to dairy/feedlot operators and incentivizing biomass use, aligning with tax support indicators.95% confidence ✓ EnergySupports EnergyIncreases tax credit for biomass transported to facilities generating electricity/biocrude fuel, directly incentivizing renewable energy infrastructure development.95% confidence ✓ EnvironmentSupports EnvironmentPromotes biomass energy for clean electricity/biocrude, aligning with environmental protection via tax incentives for renewable energy use.90% confidence

Sub-Topics Business Taxes Tax Credits Renewable Energy Tags Agriculture

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in committee · New Mexico · Senate Mar 24, 2026

SB 140: MEDICAID PERSONAL CARE SVC. REIMBURSEMENT

SB 140 sets minimum Medicaid reimbursement rates for personal care services in New Mexico: $23.50 per hour for consumer-delegated services (where the agency manages care) and $19.78 per hour for consumer-directed services (where recipients control care). It requires providers receiving Medicaid funds to spend at least 70% of that reimbursement on direct care worker costs, including wages, benefits, training, and supervision. The bill also appropriates $51.4 million from the general fund for fiscal year 2027 to implement these changes. This directly affects personal care service agencies contracted with Medicaid to provide in-home care for individuals needing assistance with daily living activities.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $51.4M from general fund to set Medicaid reimbursement rates and mandate 70% spending on direct care workers, directly funding public assistance programs.95% confidence ✓ HealthcareSupports HealthcareSets minimum Medicaid reimbursement rates, mandates 70% spending on direct care costs, and appropriates $51.4M to strengthen personal care services under Medicaid, directly funding and protecting healthcare access.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill mandates 70% of Medicaid reimbursement funds for direct care worker costs including wages/benefits, directly advancing worker compensation in personal care services.92% confidence

Sub-Topics State Budget Long-Term Care Medicaid

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signed · New Mexico · House Mar 4, 2026

HB 64: PUBLIC PROJECT REVOLVING FUND APPROPRIATIONS

HB 64 allocates $13.25 million from New Mexico's Public Project Revolving Fund to three specific state funds for fiscal year 2027 and beyond. It provides $6.25 million to the Drinking Water State Revolving Loan Fund to match federal projects under the Safe Drinking Water Act, $2 million to the Local Government Planning Fund, and $5 million to the Cultural Affairs Facilities Infrastructure Fund for facility upgrades. The bill ensures unspent funds remain with the recipient programs instead of returning to the original revolving fund. This directly supports water infrastructure projects, local government planning initiatives, and cultural facility improvements across the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $13.25M to state funds for water infrastructure, local government, and cultural facilities, strengthening public service funding without tax changes.90% confidence

in committee · New Mexico · Senate Mar 24, 2026

SB 168: ESTANCIA WIND TURBINE BLADE RECYCLING

SB 168 provides $150,000 in state funding to the Estancia Valley Solid Waste Authority for planning and designing a dedicated facility to recycle wind turbine blades. The bill directly affects the Estancia Valley Solid Waste Authority, which will use the funds in fiscal year 2027 to collaborate on site development. This is a procedural funding measure focused solely on the planning phase, not on building or operating the recycling site. The appropriation expires if unspent by the end of fiscal year 2027, with any remaining funds reverting to the general fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $150k for wind turbine blade recycling planning, increasing state spending on environmental infrastructure through targeted budget appropriation.95% confidence ✓ EnergySupports EnergyFunds recycling of wind turbine blades, directly supporting renewable energy infrastructure sustainability and waste management for clean energy assets.95% confidence ✓ EnvironmentSupports EnvironmentAllocates $150k for recycling wind turbine blades, reducing waste in renewable energy infrastructure and supporting environmental conservation through dedicated facility planning.95% confidence

Sub-Topics Appropriations State Budget Wind Recycling Waste Management

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in committee · New Mexico · Senate Mar 24, 2026

SB 4: MEDICAL RESIDENT & FELLOW SALARIES

SB 4 appropriates $2 million from the general fund to the Health Care Authority for Medicaid-directed payments to the University of New Mexico Health Sciences Center. This funding directly increases salaries for graduate medical education residents and fellows at UNM. The bill specifies that unspent funds by the end of fiscal year 2027 must revert to the general fund. The measure focuses solely on providing state funding to support resident and fellow compensation through the Medicaid program.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $2M from general fund for medical resident salaries, directly increasing state spending on healthcare education through budget allocation.95% confidence ✓ HealthcareSupports HealthcareAppropriates $2M to increase Medicaid-directed salaries for medical residents/fellows at UNM, directly boosting healthcare workforce compensation through state funding.95% confidence

Sub-Topics State Budget Medicaid

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in committee · New Mexico · Senate Mar 24, 2026

SB 62: RURAL LIBRARIES ENDOWMENT FUND

SB 62 transfers $29.5 million from New Mexico's general fund to create a permanent Rural Libraries Endowment Fund. This fund will provide ongoing financial support to public libraries in rural areas across the state. The bill directly affects rural libraries by establishing a dedicated, long-term funding source instead of relying on annual appropriations. The key mechanism is the one-time transfer of funds to ensure sustained library services in underserved communities.

Topics ✓ Budget & TaxesSupports Budget & TaxesTransfers $29.5M from general fund to create permanent rural library endowment, ensuring sustained public service funding through dedicated budget allocation.95% confidence

Sub-Topics State Budget

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in committee · New Mexico · Senate Mar 24, 2026

SB 76: EXPAND GAS & SPECIAL FUELS TAXES

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly increases state fuel tax revenue (gas 17¢→23¢, special fuels 21¢→26¢), directly advancing budget funding through higher tax collection.95% confidence

Sub-Topics Business Taxes Procurement Sales Tax

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in committee · New Mexico · Senate Mar 24, 2026

SB 13: HEALTH CARE GROSS RECEIPTS DEDUCTION

SB 13 extends and expands a tax deduction for healthcare providers in New Mexico. It postpones the sunset date for this deduction from 2028 to 2031 and adds coinsurance, copayments, and deductibles paid directly by patients to the list of deductible expenses. The bill affects licensed healthcare practitioners (like doctors, dentists, and therapists) and their associations who provide services through managed care organizations. These providers can now reduce their taxable income by deducting patient-paid portions of their fees, rather than just certain insurance payments. The change applies only to "commercial contract services" under managed care plans, not Medicare or Medicaid services.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands tax deduction for healthcare providers, providing tax relief and strengthening tax policy for the sector.90% confidence ✓ HealthcareSupports HealthcareExtends tax deduction for healthcare providers, reducing taxable income and supporting provider financial stability in healthcare services.85% confidence

Sub-Topics Business Taxes Medicaid Medicare

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