New Mexico 2026 Regular Session Status: Passed House 1 D cosponsors

HB 309 — VALUATION OF ENERGY STORAGE PROPERTY

Last action — action postponed indefinitely

Track this bill free

No card. One bill, free forever — alerts when it moves.

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

This bill has passed the House. Introduced February 04, 2026. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the Senate.

Prognosis

Stalled 28% · moderate confidence

Where this bill stands today.

Odds of enactment

Moderate

How often bills like it became law.

  • Passed House

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

How this bill changes current law

7 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill expands the special method of valuation for property taxation to include property used for the storage of electric power or energy.

  • Section 7-36-29

    DISTRIBUTION OR → DISTRIBUTION OR STORAGE OF

    This change adds 'storage' to the types of property that can be valued under the special method for taxation purposes.

  • Section 7-36-29

    electric power or → electric power OR ENERGY,

    This change explicitly includes 'energy' in the definition of property relevant to the act.

  • Section 7-36-29

    [and]

    This change removes the word '[and]' from the list, streamlining the definition.

  • Section 7-36-29

    or → ,

    This change ensures proper punctuation in the definition of electric plant.

  • Section 7-36-29

    not less than twenty percent of the tangible property cost → not be less than twenty percent of the tangible property cost

    This change maintains the existing valuation rule, ensuring clarity in legal language.

  • Section 7-36-29

    provisions of this → provisions of this act

    This change clarifies the applicability of the regulations to the act.

  • The provisions of this act apply to property tax years beginning on or after January 1, 2027.

    This change establishes the effective date for the new valuation provisions.

Action History

  1. action postponed indefinitely

  2. DO PASS committee report adopted

  3. Sent to Senate Tax, Business and Transportation Committee

  4. passed House

  5. DO PASS committee report adopted

  6. DO PASS committee report adopted

  7. Sent to House Energy, Environment and Natural Resources Committee & House Taxation & Revenue Committee

  8. withdrawn printed germane prefile

  9. not printed House Rules and Order of Business Committee

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

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.

Show all 111 →

"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 energy
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 309?
HB 309 is sponsored by Nathan P. Small (Democrat).
What is the current status of HB 309?
This bill has passed the House. Introduced February 04, 2026. It now moves to the second chamber.
Where can I track HB 309?
Track HB 309 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HB 309

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HB 309

Last checked for changes 2 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →