New Mexico legislation · 2026 Regular Session
New Mexico HB55: 1ST RESPONDER RETIREMENT TAX DEDUCTION
Status: Introduced, January 28, 2026
What the bill says
An act relating to taxation; providing an income tax deduction for first responder retirement income.
From the introduced text, January 9, 2026:
AN ACT RELATING TO TAXATION; PROVIDING AN INCOME TAX DEDUCTION FOR FIRST RESPONDER RETIREMENT INCOME. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. A new section of the Income Tax Act is enacted to read: "[NEW MATERIAL] DEDUCTION--FIRST RESPONDER RETIREMENT INCOME.-- A. A taxpayer who is a first responder retiree or the unmarried surviving spouse of a first responder retiree may claim a deduction in an amount equal to fifty percent of the taxpayer's retirement pay earned for service as a first responder includable in net income. B. To claim a deduction pursuant to this section, a taxpayer shall submit to the department information required by .232771.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ the secretary establishing that the taxpayer is eligible to claim the deduction. C. A taxpayer allowed the deduction pursuant to this section shall report the amount of the deduction to the department in a manner required by the department. D. The deduction provided by this section shall be included in the tax expenditure budget pursuant to Section 7-1-84 NMSA 1978, including the annual aggregate cost of the deduction. E. As used in this section, "first responder" means a law enforcement officer, a firefighter or emergency medical services personnel whose duties include responding rapidly to an emergency." SECTION 2. APPLICABILITY.--The …
Sponsors
- Alan T. Martinez (R, HD-023) · primary sponsor
- John Block (R, HD-051)
- Harlan Vincent (R, HD-056)
- Cynthia Borrego (D, HD-017)
Latest actions
- : HLVMC: Reported by committee with Do Pass recommendation
- : Sent to HLVMC - Referrals: HLVMC/HTRC
- : Action Postponed Indefinitely
- : Sent to HPREF - Referrals: HPREF
Subjects: PUBLIC SAFETY (emergency services, etc.), TAXATION, INCOME
Common questions
- What is HB55?
- HB55 is a bill in the New Mexico Legislature (2026 Regular Session): 1ST RESPONDER RETIREMENT TAX DEDUCTION.
- What does HB55 do?
- In its own words: An act relating to taxation; providing an income tax deduction for first responder retirement income.
- What is the status of HB55?
- Introduced as of January 28, 2026. Latest action: HLVMC: Reported by committee with Do Pass recommendation (January 28, 2026).
- Who sponsored HB55?
- Alan T. Martinez (R, HD-023), with 3 co-sponsors.
- Where is the official record for HB55?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=55&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.