New Mexico legislation · 2026 Regular Session
New Mexico HB82: EXTEND TECHNOLOGY READINESS GRT CREDIT
Status: Introduced, February 2, 2026
What the bill says
An act relating to taxation; extending the technology readiness gross receipts tax credit.
From the introduced text, January 14, 2026:
AN ACT RELATING TO TAXATION; EXTENDING THE TECHNOLOGY READINESS GROSS RECEIPTS TAX CREDIT. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 7-9-96.3 NMSA 1978 (being Laws 2020, Chapter 22, Section 1, as amended) is amended to read: "7-9-96.3. TECHNOLOGY READINESS GROSS RECEIPTS TAX CREDIT.-- A. Prior to July 1, [2027] 2035, a taxpayer that is a national laboratory that provides technology readiness assistance to a business that is registered to do business in New Mexico and has licensed a technology from the national laboratory or is a participant in a cooperative research and development agreement with the national laboratory may claim a tax credit against the taxpayer's gross receipts tax liability .232648.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ imposed pursuant to the Gross Receipts and Compensating Tax Act, excluding any local option gross receipts tax liability. The tax credit provided by this section may be referred to as the "technology readiness gross receipts tax credit". B. The purpose of the technology readiness gross receipts tax credit is to help businesses in New Mexico achieve technology maturation of the businesses' technologies developed at New Mexico national laboratories and increase economic development in the state. C. The amount of a technology readiness gross receipts tax credit shall equal the amount of qualified expenditures …
Sponsors
- Joseph Sanchez (D, HD-040) · primary sponsor
- Joshua N. Hernandez (R, HD-060)
- Meredith A. Dixon (D, HD-020)
Latest actions
- : HCEDC: Reported by committee with Do Pass recommendation
- : Sent to HCEDC - Referrals: HCEDC/HTRC
- : Action Postponed Indefinitely
- : Sent to HPREF - Referrals: HPREF
Subjects: TAXATION, GROSS RECEIPTS & COMPENSATING
Common questions
- What is HB82?
- HB82 is a bill in the New Mexico Legislature (2026 Regular Session): EXTEND TECHNOLOGY READINESS GRT CREDIT.
- What does HB82 do?
- In its own words: An act relating to taxation; extending the technology readiness gross receipts tax credit.
- What is the status of HB82?
- Introduced as of February 2, 2026. Latest action: HCEDC: Reported by committee with Do Pass recommendation (February 2, 2026).
- Who sponsored HB82?
- Joseph Sanchez (D, HD-040), with 2 co-sponsors.
- Where is the official record for HB82?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=82&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.