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New Mexico / State / 56th Legislature, 1st Session, 2023

HJR 5 (2023), approved November 5, 2024 Amended Article 8, Section 15 so the disabled veteran exemption equals the veteran's disability percentage

Catalog reconciledEnactedScope changed

Signed

Expands benefits Requires an exemption for a veteran with any service-connected rating, in proportion to the rating, where only a 100 percent rating qualified before.

Requires the Legislature to exempt the principal residence of every veteran with a "permanent service-connected disability" in "a percentage equal to the percentage of the veteran's disability rating", and the same amount for a widow or widower who keeps occupying it. Approved by voters on November 5, 2024 and carried into statute by Laws 2025, ch. 10 for the 2026 tax year. The amendment was not self-executing.

Progress

Path to law: Measure referred to the voters

  1. Introduced Done,
  2. In committee Done, House Labor, Veterans' and Military Affairs, then Taxation and Revenue
  3. Passed one chamber Done, House, 67-0
  4. Passed the legislature Done, Senate, 39-0
  5. On the ballot Done, date not recordedNovember 5, 2024 general election
  6. Approved by voters Done,
  7. In effect Done,

Sponsors

  • Eliseo Lee AlconSponsor, Democratic, House, District 6
  • Harry GarciaSponsor, House
  • John BlockSponsor, Republican, House, District 51
  • Alan T. MartinezSponsor, Republican, House, District 23
  • Patricia Roybal CaballeroSponsor, Democratic, House, District 13

What it touches

  • N.M. Const. art. VIII, § 15

Catalog entry

Official record

Read HJR 5 (2023), approved November 5, 2024 on the jurisdiction's own record