New Mexico 2020 Regular Session Status: Passed Senate Bipartisan · 1 R · 1 D cosponsors

SB 2 — ELECTRIC VEHICLE INCOME TAX CREDIT

Last action — action postponed indefinitely

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

This bill died with 2020 Regular Session. It reached “Passed Senate” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

What changed in the latest version

837 added · 740 removed

Plain-language change summary

The most significant change in the bill involves the added emphasis on the creation of tax credits for electric vehicles and electric vehicle charging units, as well as the imposition of an additional registration fee for electric and plug-in hybrid vehicles. This additional fee will be directed to the State Road Fund and local government road funds. These changes are important because they support the growth of electric vehicle infrastructure while also ensuring that electric vehicles contribute to road maintenance, addressing both environmental goals and the financial needs of transportation systems.

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SENATE CORPORATIONS AND TRANSPORTATION COMMITTEE SUBSTITUTE FOR SENATE BILL 2 54TH LEGISLATURE - STATEOFNEWMEXICO- SECOND SESSION , 2020 4 6 8 10 AN ACT RELATING TO ELECTRIC MOTOR VEHICLES;
SENATE CORPORATIONS AND TRANSPORTATION COMMITTEE SUBSTITUTE FOR SENATE BILL 2 54TH LEGISLATURE - STATEOFNEWMEXICO- SECOND SESSION , 2020 This document incorporates amendments that have been adopted during the current legislative session.
CREATING THE ELECTRIC VEHICLE INCOME TAX CREDIT;
The document is a tool to show the amendments in context and is not to be used for the purpose of amendments.
CREATING THE ELECTRIC VEHICLE CHARGING UNIT INCOME TAX CREDIT;
AN ACT RELATING TO ELECTRIC MOTOR VEHICLES;
REQUIRING AN ADDITIONAL 14 REGISTRATION FEE FOR ELECTRIC AND PLUG-IN HYBRID ELECTRIC VEHICLES;
CREATING THE ELECTRIC h VEHICLE INCOME TAX CREDIT;
PROVIDING THAT THE ADDITIONAL REGISTRATION FEES BE DISTRIBUTED TO THE STATE ROAD FUND AND THE LOCAL GOVERNMENTS e t 17 ROAD FUND.
CREATING THE ELECTRIC VEHICLE g o CHARGING UNIT INCOME TAX CREDIT;
w l n d 18 = = 19 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
REQUIRING AN ADDITIONAL t hr g e i k REGISTRATION FEE FOR ELECTRIC AND PLUG-IN HYBRID ELECTRIC h r i s VEHICLES;
a l i a e r 20 SECTION 1.
PROVIDING THAT THE ADDITIONAL REGISTRATION FEES BE h , t, DISTRIBUTED TO THE STATE ROAD FUND AND THE LOCAL GOVERNMENTS e u g e b l e e h ROAD FUND.
A new section of the Income Tax Act is enacted a t m m 21 to read:
n d d i = = o h l ] b ,d i a º e BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
d r e 22 "[NEW MATERIAL] ELECTRIC VEHICLE INCOME TAX CREDIT.-- c e s k 23 A.
r i = r t e w d m a n o SECTION 1.
A taxpayer who is not a dependent of another e a n b 24 individual and who, beginning on the effective date of this u [ section and prior to January 1, 2025, purchases an electric .216806.4 SCORC/SB 2 vehicle or enters into a new lease of at least three years for an electric vehicle, may claim a credit against the taxpayer's tax liability imposed pursuant to the Income Tax Act in an amount provided in Subsection B of this section.
A new section of the Income Tax Act is enacted d m :
b e d s º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e e a n e d r e l u [ A d SCORC/SB 2 to read:
"[NEW MATERIAL ] ELECTRIC VEHICLE INCOME TAX CREDIT.-- A.
A taxpayer who is not a dependent of another individual and who, beginning on the effective date of this section and prior to January 1, 2025, purchases an electric vehicle or enters into a new lease of at least three years for an electric vehicle, may claim a credit against the taxpayer's tax liability imposed pursuant to the Income Tax Act in an amount provided in Subsection B of this section.
Except as provided in Subsection C of this section, the electric vehicle income tax credit shall be in an amount equal to two thousand five hundred dollars ($2,500), except that a taxpayer who meets the following requirements shall be allowed a credit in an amount equal to five thousand dollars ($5,000):
SFCºExcept as provided in Subsection C of this section, the»SFC SFCºThe»SFC electric vehicle income tax credit shall be in an amount equal to two thousand five hundred dollars ($2,500), except that a taxpayer who meets the following requirements shall be allowed a credit in an amount h equal to five thousand dollars ($5,000):
(1) a taxpayer who files as a single individual with an adjusted gross income of fifty thousand dollars ($50,000) or less for the taxable year prior to the calendar year in which the electric vehicle was purchased or e e 17 the lease was entered into;
g o (1) a taxpayer who files as a single t hr g e i k individual with an adjusted gross income of fifty thousand h r i s dollars ($50,000) or less for the taxable year prior to the h , t, calendar year in which the electric vehicle was purchased or e u g e b l e e h the lease was entered into;
e e n d 18 (2) a taxpayer who files as a married = = l ] 19 individual filing a separate return with an adjusted gross a l r i 20 income of thirty-seven thousand five hundred dollars ($37,500) t e a t or less for the taxable year prior to the calendar year in m m 21 e d which the electric vehicle was purchased or the lease was r e 22 c e r c 23 entered into;
n d d i = = o h (2) a taxpayer who files as a married l ] b ,d i a º e individual filing a separate return with an adjusted gross r i = r t e w d m a n o income of thirty-seven thousand five hundred dollars ($37,500) d m :
or e a n b 24 (3) a taxpayer who files as a head of u [ household or surviving spouse, or taxpayers who file as married .216806.4 - 2 - SCORC/SB 2 individuals filing a joint return, with an adjusted gross income of seventy-five thousand dollars ($75,000) or less for the taxable year prior to the calendar year in which the electric vehicle was purchased or the lease was entered into.
b e d s º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 2 - e a n e d r e l u [ A d SCORC/SB 2 or less for the taxable year prior to the calendar year in which the electric vehicle was purchased or the lease was entered into;
C.
or (3) a taxpayer who files as a head of household or surviving spouse, or taxpayers who file as married individuals filing a joint return, with an adjusted gross income of seventy-five thousand dollars ($75,000) or less for the taxable year prior to the calendar year in which the electric vehicle was purchased or the lease was entered into.
SFCº C.
(2) sixty-seven percent if the claim is made within the second calendar year from the end of the calendar year in which the lease is entered into;
h (2) sixty-seven percent if the claim is made g o within the second calendar year from the end of the calendar t hr g e year in which the lease is entered into;
or (3) one hundred percent if the claim is made within the third calendar year from the end of the calendar e e 17 year in which the lease is entered into.
or i k h r i s (3) one hundred percent if the claim is made h , t, within the third calendar year from the end of the calendar e u g e b l year in which the lease is entered into.»SFC e e h n d d i = = o h SFCº D.»SFC SFCºC.»SFC A taxpayer shall apply for l ] b ,d i a º e certification of eligibility for the electric vehicle income r i = r t e w d tax credit from the department on forms and in the manner m a n o d m :
e e n d 18 D.
b e d s º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 3 - e a n e d r e l u [ A d SCORC/SB 2 prescribed by the department.
A taxpayer shall apply for certification of = = l ] 19 eligibility for the electric vehicle income tax credit from the a l r i 20 department on forms and in the manner prescribed by the t e a t department.
Except as provided in Subsection G of this section, only one SFCº claim for an»SFC electric vehicle income tax credit shall be allowed for each electric vehicle purchased or leased.
Except as provided in Subsection G of this m m 21 e d section, only one claim for an electric vehicle income tax r e 22 c e r c 23 credit shall be allowed for each electric vehicle purchased or e a n b 24 leased.
The aggregate amount of electric vehicle income tax credits that may be certified as eligible in any calendar year is ten million dollars ($10,000,000).
The aggregate amount of electric vehicle income tax u [ credits that may be certified as eligible in any calendar year .216806.4 - 3 - SCORC/SB 2 is ten million dollars ($10,000,000).
The department shall issue a dated certificate of eligibility to the taxpayer providing the amount of the electric vehicle income tax credit for which the taxpayer is eligible and the taxable year in which the credit may be claimed.
The department shall h issue a dated certificate of eligibility to the taxpayer g o providing the amount of the electric vehicle income tax credit t hr g e i k for which the taxpayer is eligible and the taxable year in h r i s which the credit may be claimed SFCº for an electric vehicle h , t, that was purchased or, in the case of an electric vehicle that e u g e b l e e h is leased, the three taxable years in which the credit may be n d d i = = o h claimed»SFC.
l ] b ,d i a º e SFCº E.
Applications for certification of an r i = r t e w d m a n o electric vehicle income tax credit shall be made no later than:
d m :
b e d s º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 4 - e a n e d r e l u [ A d SCORC/SB 2 (1) one calendar year from the date in which the purchase is made if the taxpayer purchases an electric vehicle;
or (2) three calendar years from the date in which the lease is entered into if the taxpayer leases an electric vehicle.»SFC SFCº D.
A taxpayer certified to claim an electric vehicle income tax credit for an electric vehicle that is leased shall be allowed to claim one-third of the amount of credit allowed pursuant to Subsection B of this section for the first and second taxable years in which the credit is claimed and the remaining amount in the third taxable year;
provided that the lease the taxpayer entered into was in effect for the taxable year in which the amount of credit will be applied.
Applications for certification of an electric e e 17 vehicle income tax credit shall be made no later than:
Applications for certification of an electric vehicle income tax credit shall be made no later than one h calendar year from the date in which the electric vehicle is g o purchased or the lease is entered into.»SFC t hr g e i k F.
e e n d 18 (1) one calendar year from the date in which = = l ] 19 the purchase is made if the taxpayer purchases an electric a l r i 20 vehicle;
That portion of an approved electric vehicle h r i s income tax credit claimed by a taxpayer that exceeds the h , t, taxpayer's income tax liability in the taxable year in which an e u g e b l e e h electric vehicle income tax credit is claimed shall be refunded n d d i = = o h to the taxpayer.
or t e a t (2) three calendar years from the date in m m 21 e d which the lease is entered into if the taxpayer leases an r e 22 c e r c 23 electric vehicle.
l ] b ,d i a º e G.
e a n b 24 F.
Married individuals filing separate returns for r i = r t e w d a taxable year for which they could have filed a joint return m a n o d m :
That portion of an approved electric vehicle u [ income tax credit claimed by a taxpayer that exceeds the .216806.4 - 4 - SCORC/SB 2 taxpayer's income tax liability in the taxable year in which an electric vehicle income tax credit is claimed shall be refunded to the taxpayer.
b e d s º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 5 - e a n e d r e l u [ A d SCORC/SB 2 may each claim only one-half of the electric vehicle income tax credit that would have been claimed on a joint return.
G.
Married individuals filing separate returns for a taxable year for which they could have filed a joint return may each claim only one-half of the electric vehicle income tax credit that would have been claimed on a joint return.
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e e 17 J.
J.
The department shall compile an annual report on e e n d 18 the electric vehicle income tax credit that shall include the = = l ] 19 number of taxpayers approved by the department to receive the a l r i 20 tax credit, the aggregate amount of tax credits approved and t e a t any other information necessary to evaluate the tax credit.
The department shall compile an annual report on the electric vehicle income tax credit that shall include the number of taxpayers approved by the department to receive the tax credit, the aggregate amount of tax credits approved and any other information necessary to evaluate the tax credit.
m m 21 e d The department shall compile and present the annual report to r e 22 c e r c 23 the revenue stabilization and tax policy committee and the e a n b 24 legislative finance committee with an analysis of the cost of u [ the tax credit.
h The department shall compile and present the annual report to u » r the revenue stabilization and tax policy committee and the t h g e legislative finance committee with an analysis of the cost of l i h r i s the tax credit.
.216806.4 - 5 - SCORC/SB 2 K.
h , e h K.
(1) "electric vehicle" means a new motor vehicle that derives all or part of the vehicle's power from electricity stored in a battery that:
t u g e b l (1) "electric vehicle" means a new motor e e , gh n d d i = = o h vehicle that derives all or part of the vehicle's power from l ] b ,d i a º r electricity stored in a battery that:
(a) has a capacity of not less than six kilowatt-hours;
e r = t e w d (a) has a capacity of not less than six m a n o d m :
b r e t º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 6 - e a n e d r e l u [ A d SCORC/SB 2 kilowatt-hours;
(c) has a base manufacturer suggested e e 17 retail price, before options and destination charges, of e e n d 18 forty-eight thousand dollars ($48,000) or less, before any = = l ] 19 taxes are imposed;
(c) has a base manufacturer suggested retail price, before options and destination charges, of forty-eight thousand dollars ($48,000) or less, before any taxes are imposed;
a l r i 20 (d) is manufactured primarily for use on t e a t public streets, roads or highways;
(d) is manufactured primarily for use on public streets, roads or highways;
m m 21 e d (e) has not been modified from the r e 22 c e r c 23 original manufacturer specifications;
h (e) has not been modified from the g o original manufacturer specifications;
e a n b 24 (f) is rated at not less than two u [ thousand two hundred pounds unloaded base weight and not more .216806.4 - 6 - SCORC/SB 2 than eight thousand five hundred pounds unloaded base weight;
t hr g e (f) is rated at not less than two i k h r i s thousand two hundred pounds unloaded base weight and not more h , t, than eight thousand five hundred pounds unloaded base weight;
and (g) has a maximum speed capability of at least sixty-five miles per hour." SECTION 2.
e u g e b l and e e h n d d i (g) has a maximum speed capability of at = = o h l ] b ,d i a º e least sixty-five miles per hour." r i = r t e w d SECTION 2.
A new section of the Income Tax Act is enacted to read:
A new section of the Income Tax Act is enacted m a n o d m :
b e d s º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 7 - e a n e d r e l u [ A d SCORC/SB 2 to read:
The electric vehicle charging unit income tax e e 17 credit shall not exceed three hundred dollars ($300) or the e e n d 18 cost to purchase and install an electric vehicle charging unit, = = l ] 19 whichever is less.
The electric vehicle charging unit income tax credit shall not exceed three hundred dollars ($300) or the cost to purchase and install an electric vehicle charging unit, whichever is less.
a l r i 20 C.
C.
A taxpayer shall apply for certification of t e a t eligibility for the electric vehicle charging unit income tax m m 21 e d credit from the department on forms and in the manner r e 22 c e r c 23 prescribed by the department.
A taxpayer shall apply for certification of eligibility for the electric vehicle charging unit income tax h credit from the department on forms and in the manner g o prescribed by the department.
The aggregate amount of electric e a n b 24 vehicle charging unit income tax credits that may be certified u [ as eligible in any calendar year is one million dollars .216806.4 - 7 - SCORC/SB 2 ($1,000,000).
The aggregate amount of electric t hr g e i k vehicle charging unit income tax credits that may be certified h r i s as eligible in any calendar year is one million dollars h , t, ($1,000,000).
Completed applications shall be considered in the order received.
Completed applications shall be considered in e u g e b l e e h the order received.
Applications for certification received after this limitation has been met in a calendar year shall not be approved.
Applications for certification received n d d i = = o h after this limitation has been met in a calendar year shall not l ] b ,d i a º e be approved.
The application shall include a receipt for the purchase of the electric vehicle charging unit, a copy of the data sheet that specifies the connector type, plug type, voltage and current of the electric vehicle charging unit and any additional information that the department may require to determine eligibility for the credit.
The application shall include a receipt for the r i = r t e w d purchase of the electric vehicle charging unit, a copy of the m a n o d m :
b e d s º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 8 - e a n e d r e l u [ A d SCORC/SB 2 data sheet that specifies the connector type, plug type, voltage and current of the electric vehicle charging unit and any additional information that the department may require to determine eligibility for the credit.
Applications for certification of an electric vehicle charging unit income tax credit shall be made no later than one calendar year from the date in which the electric e e 17 vehicle charging unit for which the credit is claimed is e e n d 18 purchased and installed.
Applications for certification of an electric vehicle charging unit income tax credit shall be made no later than one calendar year from the date in which the electric vehicle charging unit for which the credit is claimed is purchased and installed.
= = l ] 19 E.
E.
That portion of an electric vehicle charging a l r i 20 unit income tax credit that exceeds a taxpayer's income tax t e a t liability in the taxable year in which an electric vehicle m m 21 e d charging unit income tax credit is claimed shall be refunded to r e 22 c e r c 23 the taxpayer.
That portion of an electric vehicle charging unit income tax credit that exceeds a taxpayer's income tax liability in the taxable year in which an electric vehicle charging unit income tax credit is claimed shall be refunded to h u » r the taxpayer.
e a n b 24 F.
t h g e F.
Married individuals filing separate returns for u [ a taxable year for which they could have filed a joint return .216806.4 - 8 - SCORC/SB 2 may each claim only one-half of the electric vehicle charging unit income tax credit that would have been claimed on a joint return.
Married individuals filing separate returns for l i h r a taxable year for which they could have filed a joint return i s h , e h may each claim only one-half of the electric vehicle charging t u g e b l unit income tax credit that would have been claimed on a joint e e , gh n d d i return.
G.
= = o h l ] b ,d i a º r G.
A taxpayer may be allocated the right to claim an electric vehicle charging unit income tax credit in proportion to the taxpayer's ownership interest if the taxpayer owns an interest in a business entity that is taxed for federal income tax purposes as a partnership or limited liability company and that business entity has met all of the requirements to be eligible for the tax credit.
A taxpayer may be allocated the right to claim e r = t e w d an electric vehicle charging unit income tax credit in m a n o d m :
b r e t º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 9 - e a n e d r e l u [ A d SCORC/SB 2 proportion to the taxpayer's ownership interest if the taxpayer owns an interest in a business entity that is taxed for federal income tax purposes as a partnership or limited liability company and that business entity has met all of the requirements to be eligible for the tax credit.
e e 17 I.
I.
The department shall compile an annual report on e e n d 18 the electric vehicle charging unit income tax credit that shall = = l ] 19 include the number of taxpayers approved by the department to a l r i 20 receive the tax credit, the aggregate amount of tax credits t e a t approved and any other information necessary to evaluate the m m 21 e d effectiveness of the tax credit.
The department shall compile an annual report on the electric vehicle charging unit income tax credit that shall include the number of taxpayers approved by the department to receive the tax credit, the aggregate amount of tax credits approved and any other information necessary to evaluate the h effectiveness of the tax credit.
The department shall present r e 22 c e r c 23 the annual report to the revenue stabilization and tax policy e a n b 24 committee and the legislative finance committee with an u [ analysis of the effectiveness and cost of the tax credit and .216806.4 - 9 - SCORC/SB 2 whether the tax credit is performing the purpose for which it was created.
The department shall present u » r the annual report to the revenue stabilization and tax policy t h g e committee and the legislative finance committee with an l i h r i s analysis of the effectiveness and cost of the tax credit and h , e h whether the tax credit is performing the purpose for which it t u g e b l was created.
J.
e e , gh n d d i = = o h J.
(1) "electric vehicle" means a motor vehicle subject to the registration fee pursuant to Section 66-6-2 or 66-6-4 NMSA 1978 that derives all or part of the vehicle's power from electricity stored in a battery that:
l ] b ,d i a º r (1) "electric vehicle" means a motor vehicle e r = t e w d subject to the registration fee pursuant to Section 66-6-2 or m a n o d m :
b r e t º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 10 - e a n e d r e l u [ A d SCORC/SB 2 66-6-4 NMSA 1978 that derives all or part of the vehicle's power from electricity stored in a battery that:
(a) is used to provide electricity to an e e 17 electric vehicle;
(a) is used to provide electricity to an electric vehicle;
e e n d 18 (b) is designed to create a connection = = l ] 19 between an electricity source and the electric vehicle;
(b) is designed to create a connection between an electricity source and the electric vehicle;
a l r i 20 (c) communicates with the electric t e a t vehicle's control system to ensure that electricity flows at an m m 21 e d appropriate voltage and current level;
(c) communicates with the electric vehicle's control system to ensure that electricity flows at an h appropriate voltage and current level;
and r e 22 c e r c 23 (d) is installed on residential property e a n b 24 located in the state." u [ SECTION 3.
and g o (d) is installed on residential property t hr g e located in the state." i k h r i s SECTION 3.
A new section of the Motor Vehicle Code is .216806.4 - 10 - SCORC/SB 2 enacted to read:
A new section of the Motor Vehicle Code is h , t, enacted to read:
"[NEW MATERIAL] ADDITIONAL REGISTRATION FEE--ELECTRIC AND PLUG-IN HYBRID ELECTRIC VEHICLES.-- A.
e u g e b l "[NEW MATERIAL] ADDITIONAL REGISTRATION FEE--ELECTRIC AND e e h n d d i PLUG-IN HYBRID ELECTRIC VEHICLES.-- = = o h l ] b ,d i a º e A.
For registration of vehicles subject to the registration fees imposed by Sections 66-6-2 and 66-6-4 NMSA 1978, there is imposed an additional annual fee of one hundred dollars ($100) for which an electric vehicle with a gross vehicle weight of twenty-six thousand pounds or less is registered.
For registration of vehicles subject to the r i = r t e w d registration fees imposed by Sections 66-6-2 and 66-6-4 NMSA m a n o d m :
b e d s º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 11 - e a n e d r e l u [ A d SCORC/SB 2 1978, there is imposed an additional annual fee of one hundred dollars ($100) for which an electric vehicle with a gross vehicle weight of twenty-six thousand pounds or less is registered.
All fees collected pursuant to this section e e 17 shall be paid to the state treasurer to the credit of the motor e e n d 18 vehicle suspense fund with distribution in accordance with = = l ] 19 Section 66-6-23 NMSA 1978.
All fees collected pursuant to this section shall be paid to the state treasurer to the credit of the motor vehicle suspense fund with distribution in accordance with Section 66-6-23 NMSA 1978.
a l r i 20 D.
D.
t e a t (1) "electric vehicle" means a motor vehicle m m 21 e d that derives all of the vehicle's power from electricity stored r e 22 c e r c 23 in a battery that:
(1) "electric vehicle" means a motor vehicle h that derives all of the vehicle's power from electricity stored g o in a battery that:
e a n b 24 (a) has a capacity of not less than six u [ kilowatt-hours;
t hr g e i k (a) has a capacity of not less than six h r i s kilowatt-hours;
.216806.4 - 11 - SCORC/SB 2 (b) is capable of powering the vehicle for a range of at least fifteen miles;
h , t, (b) is capable of powering the vehicle e u g e b l e e h for a range of at least fifteen miles;
and (c) is capable of being recharged from an external source of electricity;
and n d d i = = o h (c) is capable of being recharged from l ] b ,d i a º e an external source of electricity;
and (2) "plug-in hybrid electric vehicle" means a motor vehicle that derives part of the vehicle's power from electricity stored in a battery that:
and r i = r t e w d (2) "plug-in hybrid electric vehicle" means a m a n o d m :
b e d s º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 12 - e a n e d r e l u [ A d SCORC/SB 2 motor vehicle that derives part of the vehicle's power from electricity stored in a battery that:
DISPOSITION OF FEES.-- e e 17 A.
DISPOSITION OF FEES.-- A.
After the necessary disbursements for refunds e e n d 18 and other purposes have been made, the money remaining in the = = l ] 19 motor vehicle suspense fund, except for remittances received a l r i 20 within the previous two months that are unidentified as to t e a t source or disposition, shall be distributed as follows:
After the necessary disbursements for refunds and other purposes have been made, the money remaining in the motor vehicle suspense fund, except for remittances received within the previous two months that are unidentified as to source or disposition, shall be distributed as follows:
m m 21 e d (1) to each municipality, county or fee agent r e 22 c e r c 23 operating a motor vehicle field office:
h (1) to each municipality, county or fee agent g o operating a motor vehicle field office:
e a n b 24 (a) an amount equal to six dollars u [ ($6.00) per driver's license and five dollars ($5.00) per .216806.4 - 12 - SCORC/SB 2 identification card or motor vehicle or motorboat registration or title transaction performed;
t hr g e (a) an amount equal to six dollars i k h r i s ($6.00) per driver's license and five dollars ($5.00) per h , t, identification card or motor vehicle or motorboat registration e u g e b l or title transaction performed;
(b) for each such agent determined by the secretary pursuant to Section 66-2-16 NMSA 1978 to have performed ten thousand or more transactions in the preceding fiscal year, other than a class A county with a population exceeding three hundred thousand or a municipality with a population exceeding three hundred thousand that has been designated as an agent pursuant to Section 66-2-14.1 NMSA 1978, an amount equal to one dollar ($1.00) in addition to the amount distributed pursuant to Subparagraph (a) of this paragraph for each driver's license, identification card, motor vehicle registration, motorboat registration or title transaction performed;
e e h n d d i (b) for each such agent determined by = = o h l ] b ,d i a º e the secretary pursuant to Section 66-2-16 NMSA 1978 to have r i = r t e w d performed ten thousand or more transactions in the preceding m a n o d m :
and (c) to each military installation designated as a fee agent pursuant to Section 66-2-14.1 NMSA e e 17 1978, an amount equal to one dollar fifty cents ($1.50) in e e n d 18 addition to the amount distributed pursuant to Subparagraph (a) = = l ] 19 of this paragraph for each administrative service fee remitted a l r i 20 by the military installation to the department pursuant to t e a t Subsection A of Section 66-2-16 NMSA 1978;
b e d s º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 13 - e a n e d r e l u [ A d SCORC/SB 2 fiscal year, other than a class A county with a population exceeding three hundred thousand or a municipality with a population exceeding three hundred thousand that has been designated as an agent pursuant to Section 66-2-14.1 NMSA 1978, an amount equal to one dollar ($1.00) in addition to the amount distributed pursuant to Subparagraph (a) of this paragraph for each driver's license, identification card, motor vehicle registration, motorboat registration or title transaction performed;
m m 21 e d (2) to each municipality or county, other than r e 22 c e r c 23 a class A county with a population exceeding three hundred e a n b 24 thousand or a municipality with a population exceeding three u [ hundred thousand that has been designated as an agent pursuant .216806.4 - 13 - SCORC/SB 2 to Section 66-2-14.1 NMSA 1978, operating a motor vehicle field office, an amount equal to one dollar fifty cents ($1.50) for each administrative service fee remitted by that county or municipality to the department pursuant to the provisions of Subsection A of Section 66-2-16 NMSA 1978;
and (c) to each military installation designated as a fee agent pursuant to Section 66-2-14.1 NMSA 1978, an amount equal to one dollar fifty cents ($1.50) in addition to the amount distributed pursuant to Subparagraph (a) of this paragraph for each administrative service fee remitted by the military installation to the department pursuant to Subsection A of Section 66-2-16 NMSA 1978;
(3) to the state road fund:
h (2) to each municipality or county, other than u » r a class A county with a population exceeding three hundred t h g e thousand or a municipality with a population exceeding three l i h r i s hundred thousand that has been designated as an agent pursuant h , e h to Section 66-2-14.1 NMSA 1978, operating a motor vehicle field t u g e b l office, an amount equal to one dollar fifty cents ($1.50) for e e , gh n d d i = = o h each administrative service fee remitted by that county or l ] b ,d i a º r municipality to the department pursuant to the provisions of e r = t e w d Subsection A of Section 66-2-16 NMSA 1978;
m a n o d m :
b r e t º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 14 - e a n e d r e l u [ A d SCORC/SB 2 (3) to the state road fund:
(c) the remainder of each driver's license fee collected by the department employees from an applicant to whom a license is granted after deducting from the driver's license fee the amount of the distribution authorized in Paragraph (1) of this subsection with respect to that e e 17 collected driver's license fee;
(c) the remainder of each driver's license fee collected by the department employees from an applicant to whom a license is granted after deducting from the driver's license fee the amount of the distribution authorized in Paragraph (1) of this subsection with respect to that collected driver's license fee;
[and ] e e n d 18 (d) an amount equal to fifty percent of = = l ] 19 the fees collected pursuant to Section 66-6-19 NMSA 1978;
[and ] (d) an amount equal to fifty percent of the fees collected pursuant to Section 66-6-19 NMSA 1978;
and a l r i 20 (e) an amount equal to seventy-seven t e a t percent of the fees collected pursuant to Section 3 of this m m 21 e d 2020 act;
and (e) an amount equal to seventy-seven percent of the fees collected pursuant to Section 3 of this h 2020 act;
r e 22 c e r c 23 (4) to the local governments road fund:
g o (4) to the local governments road fund:
e a n b 24 (a) the amount of the fees collected u [ pursuant to Subsection B of Section 66-5-33.1 NMSA 1978 and the .216806.4 - 14 - SCORC/SB 2 remainder of the fees collected pursuant to Subsection A of Section 66-5-408 NMSA 1978;
t hr g e (a) the amount of the fees collected i k h r i s pursuant to Subsection B of Section 66-5-33.1 NMSA 1978 and the h , t, remainder of the fees collected pursuant to Subsection A of e u g e b l Section 66-5-408 NMSA 1978;
and (b) an amount equal to twenty-three percent of the fees collected pursuant to Section 3 of this 2020 act;
and e e h n d d i (b) an amount equal to twenty-three = = o h l ] b ,d i a º e percent of the fees collected pursuant to Section 3 of this r i = r t e w d 2020 act;
(5) to the department:
m a n o d m :
b e d s º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 15 - e a n e d r e l u [ A d SCORC/SB 2 (5) to the department:
(c) an amount equal to the fees provided for in Subsection D of Section 66-2-7 NMSA 1978, Subsection E of Section 66-2-16 NMSA 1978, Subsections K and L of Section 66-3-6 NMSA 1978 other than the administrative fee, Subsection e e 17 C of Section 66-5-44 NMSA 1978 and Subsection B of Section e e n d 18 66-5-408 NMSA 1978;
(c) an amount equal to the fees provided for in Subsection D of Section 66-2-7 NMSA 1978, Subsection E of Section 66-2-16 NMSA 1978, Subsections K and L of Section 66-3-6 NMSA 1978 other than the administrative fee, Subsection C of Section 66-5-44 NMSA 1978 and Subsection B of Section 66-5-408 NMSA 1978;
= = l ] 19 (d) the amounts due to the department a l r i 20 for the manufacture and issuance of a special registration t e a t plate collected pursuant to the section of law authorizing the m m 21 e d issuance of the specialty plate;
(d) the amounts due to the department for the manufacture and issuance of a special registration plate collected pursuant to the section of law authorizing the h issuance of the specialty plate;
r e 22 c e r c 23 (e) an amount equal to the registration e a n b 24 fees collected pursuant to Section 66-6-6.1 NMSA 1978 for the u [ purposes of enforcing the provisions of the Mandatory Financial .216806.4 - 15 - SCORC/SB 2 Responsibility Act and for creating and maintaining a multilanguage noncommercial driver's license testing program;
g o (e) an amount equal to the registration t hr g e i k fees collected pursuant to Section 66-6-6.1 NMSA 1978 for the h r i s purposes of enforcing the provisions of the Mandatory Financial h , t, Responsibility Act and for creating and maintaining a e u g e b l e e h multilanguage noncommercial driver's license testing program;
and after those purposes are met, the balance of the registration fees shall be distributed to the department to defray the costs of operating the [motor vehicle ] division;
n d d i = = o h and after those purposes are met, the balance of the l ] b ,d i a º e registration fees shall be distributed to the department to r i = r t e w d defray the costs of operating the [motor vehicle ] division;
(f) an amount equal to fifty cents ($.50) for each administrative fee remitted to the department by a county or municipality operating a motor vehicle field office pursuant to Subsection A of Section 66-2-16 NMSA 1978;
m a n o d m :
b e d s º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 16 - e a n e d r e l u [ A d SCORC/SB 2 (f) an amount equal to fifty cents ($.50) for each administrative fee remitted to the department by a county or municipality operating a motor vehicle field office pursuant to Subsection A of Section 66-2-16 NMSA 1978;
and (h) an amount equal to the royalties or other consideration paid by commercial users of databases of e e 17 motor vehicle-related records of the department pursuant to e e n d 18 Subsection C of Section 14-3-15.1 NMSA 1978 for the purpose of = = l ] 19 defraying the costs of maintaining databases of motor vehicle- a l r i 20 related records of the department;
and (h) an amount equal to the royalties or other consideration paid by commercial users of databases of motor vehicle-related records of the department pursuant to Subsection C of Section 14-3-15.1 NMSA 1978 for the purpose of defraying the costs of maintaining databases of motor vehicle- related records of the department;
and after that purpose is t e a t met, the balance of the royalties and other consideration shall m m 21 e d be distributed to the department to defray the costs of r e 22 c e r c 23 operating the [motor vehicle ] division or for use pursuant to e a n b 24 Subsection F of Section 66-6-13 NMSA 1978;
and after that purpose is met, the balance of the royalties and other consideration shall be distributed to the department to defray the costs of h u » r operating the [motor vehicle ] division or for use pursuant to t h g e Subsection F of Section 66-6-13 NMSA 1978;
u [ (6) to each New Mexico institution of higher .216806.4 - 16 - SCORC/SB 2 education, an amount equal to that part of the fees distributed pursuant to Paragraph (2) of Subsection D of Section 66-3-416 NMSA 1978 proportionate to the number of special registration plates issued in the name of the institution to all such special registration plates issued in the name of all institutions;
l i h r (6) to each New Mexico institution of higher i s h , e h education, an amount equal to that part of the fees distributed t u g e b l pursuant to Paragraph (2) of Subsection D of Section 66-3-416 e e , gh n d d i NMSA 1978 proportionate to the number of special registration = = o h l ] b ,d i a º r plates issued in the name of the institution to all such e r = t e w d special registration plates issued in the name of all m a n o d m :
b r e t º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 17 - e a n e d r e l u [ A d SCORC/SB 2 institutions;
(10) to the state equalization guarantee e e 17 distribution made annually pursuant to the general e e n d 18 appropriation act, an amount equal to one hundred percent of = = l ] 19 the driver safety fee collected pursuant to Subsection D of a l r i 20 Section 66-5-44 NMSA 1978;
(10) to the state equalization guarantee distribution made annually pursuant to the general appropriation act, an amount equal to one hundred percent of the driver safety fee collected pursuant to Subsection D of Section 66-5-44 NMSA 1978;
t e a t (11) to the motorcycle training fund, two m m 21 e d dollars ($2.00) of each motorcycle registration fee collected r e 22 c e r c 23 pursuant to Section 66-6-1 NMSA 1978;
(11) to the motorcycle training fund, two h dollars ($2.00) of each motorcycle registration fee collected g o pursuant to Section 66-6-1 NMSA 1978;
e a n b 24 (12) to the recycling and illegal dumping u [ fund:
t hr g e i k (12) to the recycling and illegal dumping h r i s fund:
.216806.4 - 17 - SCORC/SB 2 (a) fifty cents ($.50) of the tire recycling fee collected pursuant to the provisions of Section 66-6-1 NMSA 1978;
h , t, (a) fifty cents ($.50) of the tire e u g e b l e e h recycling fee collected pursuant to the provisions of Section n d d i = = o h 66-6-1 NMSA 1978;
(b) fifty cents ($.50) of each of the tire recycling fees collected pursuant to the provisions of Sections 66-6-2 and 66-6-4 NMSA 1978;
l ] b ,d i a º e (b) fifty cents ($.50) of each of the r i = r t e w d tire recycling fees collected pursuant to the provisions of m a n o d m :
b e d s º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 18 - e a n e d r e l u [ A d SCORC/SB 2 Sections 66-6-2 and 66-6-4 NMSA 1978;
and e e 17 (c) twenty-five cents ($.25) of each of e e n d 18 the tire recycling fees collected pursuant to Sections 66-6-5 = = l ] 19 and 66-6-8 NMSA 1978;
and (c) twenty-five cents ($.25) of each of the tire recycling fees collected pursuant to Sections 66-6-5 and 66-6-8 NMSA 1978;
a l r i 20 (14) to each county, an amount equal to fifty t e a t percent of the fees collected pursuant to Section 66-6-19 NMSA m m 21 e d 1978 multiplied by a fraction, the numerator of which is the r e 22 c e r c 23 total mileage of public roads maintained by the county and the e a n b 24 denominator of which is the total mileage of public roads u [ maintained by all counties in the state;
(14) to each county, an amount equal to fifty percent of the fees collected pursuant to Section 66-6-19 NMSA h 1978 multiplied by a fraction, the numerator of which is the g o total mileage of public roads maintained by the county and the t hr g e denominator of which is the total mileage of public roads i k h r i s maintained by all counties in the state;
.216806.4 - 18 - SCORC/SB 2 (15) to the litter control and beautification fund, an amount equal to the fees collected pursuant to Section 66-6-6.2 NMSA 1978;
h , t, (15) to the litter control and beautification e u g e b l fund, an amount equal to the fees collected pursuant to Section e e h n d d i 66-6-6.2 NMSA 1978;
(16) to the local government division of the department of finance and administration, an amount equal to the fees collected pursuant to Section 66-3-424.3 NMSA 1978 for distribution to each county to support animal control spaying and neutering programs in an amount proportionate to the number of residents of that county who have purchased pet care special registration plates pursuant to Section 66-3-424.3 NMSA 1978;
= = o h l ] b ,d i a º e (16) to the local government division of the r i = r t e w d department of finance and administration, an amount equal to m a n o d m :
b e d s º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e - 19 - e a n e d r e l u [ A d SCORC/SB 2 the fees collected pursuant to Section 66-3-424.3 NMSA 1978 for distribution to each county to support animal control spaying and neutering programs in an amount proportionate to the number of residents of that county who have purchased pet care special registration plates pursuant to Section 66-3-424.3 NMSA 1978;
The balance, exclusive of unidentified e e 17 remittances, shall be distributed in accordance with Section e e n d 18 66-6-23.1 NMSA 1978.
The balance, exclusive of unidentified remittances, shall be distributed in accordance with Section 66-6-23.1 NMSA 1978.
= = l ] 19 C.
C.
If any of the paragraphs, subsections or a l r i 20 sections referred to in Subsection A of this section are t e a t recompiled or otherwise redesignated without a corresponding m m 21 e d change to Subsection A of this section, the reference in r e 22 c e r c 23 Subsection A of this section shall be construed to be the e a n b 24 recompiled or redesignated paragraph, subsection or section." u [ SECTION 5.
If any of the paragraphs, subsections or sections referred to in Subsection A of this section are recompiled or otherwise redesignated without a corresponding h change to Subsection A of this section, the reference in u » r Subsection A of this section shall be construed to be the t h g e recompiled or redesignated paragraph, subsection or section." l i h r i s SECTION 5.
APPLICABILITY.--The provisions of Sections 1 .216806.4 - 19 - SCORC/SB 2 and 2 of this act apply to taxable years beginning on or after January 1, 2020.
APPLICABILITY.--The provisions of Sections 1 h , e h and 2 of this act apply to taxable years beginning on or after t u g e b l January 1, 2020.
SECTION 6.
e e , gh n d d i = = o h SECTION 6.
EFFECTIVE DATE.--The effective date of the provisions of Sections 3 and 4 of this act is January 1, 2021.
EFFECTIVE DATE.--The effective date of the l ] b ,d i a º r provisions of Sections 3 and 4 of this act is January 1, 2021.
- 20 - 7 9 11 13 15 e e 17 e e n d 18 = = l ] 19 a l r i 20 t e a t m m 21 e d r e 22 c e r c 23 e a n b 24 u [ .216806.4
e r = t e w d - 20 - m a n o d m :
b r e t º o t n = .216806.4AIC February 19, 2020 (8:43am) s k m e e a n e d r e l u [ A d
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Action History

  1. action postponed indefinitely

  2. DO PASS committee report adopted

  3. Sent to House Taxation & Revenue Committee

  4. passed Senate

  5. DO PASS, as amended, committee report adopted

  6. DO NOT PASS, replaced with committee substitute

  7. germane

  8. Sent to Senate Committees' Committee & Senate Corporations and Transportation Committee & Senate Finance Committee

  9. Sent to Senate Pre-file

Sponsors

Sponsorship breakdown

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4 sponsors · 0 co-sponsors · 108 not signed on

Sponsors (4)

Co-sponsors (0)

None.

Not signed on (108)

108 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 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 SB 2?
SB 2 is sponsored by Akhil, Abbas, Tallman, Bill, Pat Woods (Republican), and Linda M. Trujillo (Democrat).
What is the current status of SB 2?
This bill died with 2020 Regular Session. It reached “Passed Senate” 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.
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