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NM SB149
Bill
AI Summary
- Amends the definition of "residential property" in the Property Tax Code to remove the requirement that dwellings be used for "permanent" human habitation
- Expands "residential property" to include structures leased or rented to lodgers for any duration, not just permanent residents
- Removes the exclusion for "structures when used primarily for temporary or transient human habitation"
- Maintains the exclusion of hotels, motels, and similar commercial structures from the definition of residential property
- Changes would affect how certain rental properties are classified for property tax purposes
Legislative Description
Property Tax Code Definitions
Last Action
SCC: Reported by committee to fall within the purview of a 30 day session
2/11/2026
Committee Referrals
Committees1/26/2026
Full Bill Text
No bill text available