New Mexico 2025 Regular Session Status: In Committee 1 D cosponsors

SB 89 — REMOVE CANNABIS TAX INCREMENTAL INCREASES

Last action — action postponed indefinitely

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

How this bill changes current law

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The bill fixes the cannabis excise tax rate at twelve percent, removing the incremental increases set to take effect in subsequent years.

  • Section 7-42-3

    [at the following rates] twelve percent and shall be applied to the price paid for a cannabis product [(1) prior to July 1, 2025, twelve percent; (2) beginning July 1, 2025 and prior to July 1, 2026, thirteen percent; (3) beginning July 1, 2026 and prior to July 1, 2027, fourteen percent; (4) beginning July 1, 2027 and prior to July 1, 2028, fifteen percent; (5) beginning July 1, 2028 and prior to July 1, 2029, sixteen percent; (6) beginning July 1, 2029 and prior to July 1, 2030, seventeen percent; and (7) beginning July 1, 2030, eighteen percent]. → twelve percent and shall be applied to the price paid for a cannabis product

    This change establishes a fixed excise tax rate instead of allowing for future increases.

Action History

  1. action postponed indefinitely

  2. Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 111 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (111)

111 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
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Frequently asked questions

Who sponsors SB 89?
SB 89 is sponsored by Katy Duhigg (Democrat).
What is the current status of SB 89?
This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 89?
Track SB 89 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 2 months ago · updated continuously

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