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NM SB89
Bill
Status
Introduced
1/22/2026
Primary Sponsor
Nicole Tobiassen
Click for details
AI Summary
- Creates an annual gross receipts tax holiday from September 8 through December 31 for retail sales of firearms, ammunition, bows, crossbows, and related accessories
- Exempts camping equipment under price thresholds: tents up to $200, sleeping bags/camping chairs/stoves up to $50, flashlights/lanterns/tackle bags up to $30
- Exempts fishing supplies under price thresholds: rods and reels up to $75 individually or $150 as a set, tackle and bait up to $5 individually or $10 for multiple items
- Excludes sales made by franchise businesses from the tax deduction
- Effective date is July 1, 2026
Legislative Description
Tax Holiday For Hunting & Fishing Supplies
Last Action
SCC: Reported by committee to fall within the purview of a 30 day session
1/23/2026
Committee Referrals
Committees1/22/2026
Full Bill Text
No bill text available