New Mexico legislation · 2026 Regular Session
New Mexico HB106: HOME-BASED CHILD CARE INCOME TAX CREDIT
Status: Introduced, January 22, 2026
What the bill says
An act relating to taxation; creating the home-based child care income tax credit.
From the introduced text, January 16, 2026:
AN ACT RELATING TO TAXATION; CREATING THE HOME-BASED CHILD CARE INCOME TAX CREDIT. 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] HOME-BASED CHILD CARE INCOME TAX CREDIT.-- A. A taxpayer who files an individual New Mexico income tax return, is not a dependent of another individual and does not enroll the taxpayer's dependent child in a statefunded or private child care facility or a state-funded or private pre-kindergarten program may claim a credit against the taxpayer's tax liability imposed pursuant to the provisions of the Income Tax Act. The credit authorized pursuant to this section may be referred to as the "home-based child care income .232612.4 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ tax credit". B. Except as provided in Subsection D of this section, the amount of credit shall be in the amount of one thousand dollars ($1,000) per month for each month the dependent child is not eligible to enroll in public school. C. A taxpayer shall apply for certification of eligibility for the tax credit from the early childhood education and care department on forms and in the manner prescribed by that department. Except as provided by Subsection F of this section, only one tax credit …
Sponsors
- Mark Duncan (R, HD-002) · primary sponsor
- Luis M. Terrazas (R, HD-039)
Latest actions
- : Sent to HCEDC - Referrals: HCEDC/HTRC
- : Action Postponed Indefinitely
- : Sent to HPREF - Referrals: HPREF
Subjects: TAXATION, INCOME, CHILDREN & FAMILIES
Common questions
- What is HB106?
- HB106 is a bill in the New Mexico Legislature (2026 Regular Session): HOME-BASED CHILD CARE INCOME TAX CREDIT.
- What does HB106 do?
- In its own words: An act relating to taxation; creating the home-based child care income tax credit.
- What is the status of HB106?
- Introduced as of January 22, 2026. Latest action: Sent to HCEDC - Referrals: HCEDC/HTRC (January 22, 2026).
- Who sponsored HB106?
- Mark Duncan (R, HD-002), with 1 co-sponsor.
- Where is the official record for HB106?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=106&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.