summary
Introduced
01/22/2026
01/22/2026
In Committee
02/17/2026
02/17/2026
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
2026 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; INCREASING THE GASOLINE TAX AND THE SPECIAL FUEL EXCISE TAX.
AI Summary
This bill increases the state excise tax on gasoline and special fuels, which are fuels used in vehicles other than standard gasoline-powered ones, such as diesel. Specifically, the gasoline tax will rise from seventeen cents ($0.17) to twenty-three cents ($0.23) per gallon, and the special fuel excise tax will increase from twenty-one cents ($0.21) to twenty-six cents ($0.26) per gallon. These changes are set to take effect on July 1, 2026.
Sponsors (5)
Last Action
SFC: Reported by committee with Do Not Pass but with a Do Pass recommendation on Committee Substitution (on 02/17/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=76&year=26 |
| SFC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0076FC1.pdf |
| Senate SFC1 SB76 234180.1 Committee Amendment | https://www.nmlegis.gov/Sessions/26%20Regular/Committee_Subs_And_Amendments/SB0076FC1%20234180.1%20.pdf |
| Senate SFC1 SB76 234099.1 Committee Amendment | https://www.nmlegis.gov/Sessions/26%20Regular/Committee_Subs_And_Amendments/SB0076FC1%20234099.1%20.pdf |
| STBTC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0076CT1.pdf |
| Fiscal Note | https://www.nmlegis.gov/Sessions/26%20Regular/firs/SB0076.PDF |
| SCC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0076CC1.pdf |
| BillText | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0076.pdf |
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