Bill > HJR7

This Joint Resolution proposes an amendment to the New Mexico Constitution to increase the property tax exemption for honorably discharged members of the armed forces and their surviving spouses. Currently, this exemption has a tiered increase, but this resolution aims to significantly raise it to $10,000 starting in 2023 and then adjust it for inflation in subsequent years, providing greater property tax relief to veterans and their widows and widowers who have served the country.