summary
Introduced
01/26/2026
01/26/2026
In Committee
02/11/2026
02/11/2026
Crossed Over
Passed
Dead
02/19/2026
02/19/2026
Introduced Session
2026 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; AMENDING THE DEFINITION OF "RESIDENTIAL PROPERTY" IN THE PROPERTY TAX CODE.
AI Summary
This bill amends the definition of "residential property" within the Property Tax Code, which is the set of laws governing property taxes in New Mexico. Specifically, it expands the definition of "dwellings" to include manufactured homes and other structures used primarily for human habitation, regardless of the duration of the lease or rental to lodgers, and clarifies that hotels, motels, and similar commercial structures are not considered residential property for tax purposes.
Sponsors (2)
Last Action
SCC: Reported by committee to fall within the purview of a 30 day session (on 02/11/2026)
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=149&year=26 |
| SCC Committee Report | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0149CC1.pdf |
| Fiscal Note | https://www.nmlegis.gov/Sessions/26%20Regular/firs/SB0149.PDF |
| BillText | https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0149.pdf |
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