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New Mexico / State / 57th Legislature, 2nd Session, 2026

HB 221 (did not pass) Would have exempted all armed forces retirement pay from income tax

Catalog reconciledDid not pass

57th Legislature, 2nd Session, 2026

Expands benefits Would have removed the $30,000 cap on the armed forces retirement income tax exemption.

Would have removed the $30,000 cap in NMSA 1978, § 7-2-5.13. Reported with a do pass recommendation by the House Labor, Veterans' and Military Affairs Committee on February 4, 2026 and then postponed indefinitely in House Taxation and Revenue. Senate Bill 497 of 2025, to the same effect, also died. The cap is $30,000.

Progress

Path to law: Bill in a two-chamber legislature

  1. Introduced Done,
  2. In committee Done, House Labor, Veterans' and Military Affairs, then Taxation and Revenue
  3. Died Stopped herePostponed indefinitely in House Taxation and Revenue
  4. Passed both chambers Not reached
  5. Signed by the governor Not reached
  6. In effect Not reached

Sponsors

  • John BlockSponsor, Republican, House, District 51
  • Stefani LordSponsor, Republican, House, District 22
  • Alan T. MartinezSponsor, Republican, House, District 23
  • Jonathan A. HenrySponsor, Republican, House, District 54
  • Jimmy G. MasonSponsor, Republican, House, District 66
  • Cynthia BorregoCo-sponsor, Democratic, House, District 17

What it touches

  • NMSA 1978, § 7-2-5.13

Catalog entry

Official record

Read HB 221 (did not pass) on the jurisdiction's own record