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NM SB76

Bill

Official Source

Status

Introduced

1/22/2026

Primary Sponsor

Roberto Gonzales

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Gasoline tax increases from $0.17 to $0.23 per gallon, a $0.06 increase on fuel received in New Mexico

  • Special fuel excise tax (diesel and other non-gasoline fuels) increases from $0.21 to $0.26 per gallon, a $0.05 increase

  • Tax applies to all gasoline and special fuel received or used in the state

  • Effective date is July 1, 2026

Legislative Description

Expand Gas & Special Fuels Taxes

Last Action

SFC: Reported by committee with Do Not Pass but with a Do Pass recommendation on Committee Substitution

2/17/2026

Committee Referrals

Committees1/22/2026

Full Bill Text

No bill text available