Bill > SB185

This bill, titled "Increase Gasoline Tax," amends existing New Mexico law to raise the excise tax on gasoline. Specifically, it changes the tax rate from seventeen cents ($0.17) per gallon to twenty cents ($0.20) per gallon for every gallon of gasoline received in the state, and this increased tax will be known as the "gasoline tax." The legislation also specifies that these changes will take effect on July 1, 2026.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=185&year=26