New Mexico 2026 Regular Session Status: In Committee Bipartisan · 2 D · 1 R cosponsors

SB 97 — TECH "QUALIFIED EXPENDITURE"

Last action — action postponed indefinitely

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

This bill is in committee in the Senate. Introduced January 22, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 36% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 3 sponsors

    3 primary, 0 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (2 D · 1 R) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

How this bill changes current law

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

The bill expands the definition of 'qualified expenditure' to include spending on property owned by municipalities or counties in relation to industrial revenue bond projects.

  • Section 7-9F-3 NMSA 1978

    not including any expenditure [on property that is owned by a municipality or county in connection with an industrial revenue bond project] → including expenditures for property that is owned by a municipality or county in connection with an industrial revenue bond project

    This change allows expenditures related to municipal or county-owned property for industrial revenue bond projects to qualify for tax credits.

Action History

  1. action postponed indefinitely

  2. germane

  3. Sent to Senate Committees' Committee & Senate Tax, Business and Transportation Committee & Senate Finance Committee

Sponsors

Sponsorship breakdown

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3 sponsors · 0 co-sponsors · 109 not signed on

Sponsors (3)

Co-sponsors (0)

None.

Not signed on (109)

109 members have not signed on to this bill.

Show all 109 →

"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

finance technology
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 SB 97?
SB 97 is sponsored by Meredith A. Dixon (Democrat), Nicole Tobiassen (Republican), and Michael Padilla (Democrat).
What is the current status of SB 97?
This bill is in committee in the Senate. Introduced January 22, 2026. It must pass committee before a floor vote.
Where can I track SB 97?
Track SB 97 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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