New Mexico 2026 Regular Session Status: In Committee 1 R cosponsors

HB 113 — RENEWABLE ENERGY PRODUCTION TAX ACT

Last action — action postponed indefinitely

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

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

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

Prognosis

Stalled 16% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    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 R).

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

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

This bill enacts the Renewable Energy Production Tax, imposing an excise tax on electricity generated from renewable energy resources and directing revenue to the severance tax permanent fund.

  • An excise tax equal to three and three-fourths percent of the taxable value of each megawatt-hour, or portion thereof, of electricity generated from renewable energy resources in this state.

    Imposes a new excise tax on electricity generated from renewable energy.

  • The tax imposed by this section shall be known as the 'renewable energy production tax'.

    Establishes the name of the new tax.

  • Electricity produced from renewable energy resources by: (1) the United States or any agency, department or instrumentality thereof; (2) the state of New Mexico or any political subdivision thereof; (3) any Indian nation, tribe or pueblo from activities or transactions occurring on its sovereign territory; or (4) any foreign nation or agency, instrumentality or political subdivision thereof, but only when required by a treaty in force to which the United States is a party.

    Lists entities exempt from the renewable energy production tax.

  • Electricity produced from renewable energy resources for the personal consumption of the producer, including any excess production of electricity not consumed by the producer that does not exceed five hundred kilowatt-hours in a twenty-four-hour period.

    Exempts personal consumption of electricity from the renewable energy production tax.

  • Section 7-1-2 NMSA 1978

    (26) the Renewable Energy Production Tax Act;

    Includes the Renewable Energy Production Tax Act under the Tax Administration Act.

  • A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the severance tax permanent fund equal to the net receipts attributable to the renewable energy production tax.

    Establishes a distribution mechanism for revenue from the renewable energy production tax to the severance tax permanent fund.

  • The provisions of this act apply to the production of electricity from renewable energy resources beginning on and after January 1, 2027.

    Sets the applicability date for the new tax.

  • The effective date of the provisions of this act is January 1, 2027.

    Establishes the effective date for the newly enacted provisions.

Action History

  1. action postponed indefinitely

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

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 112 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (112)

112 members have not signed on to this bill.

Show all 112 →

"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 113?
HB 113 is sponsored by John Block (Republican).
What is the current status of HB 113?
This bill is in committee in the House. Introduced January 22, 2026. It must pass committee before a floor vote.
Where can I track HB 113?
Track HB 113 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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