New Mexico legislation · 2026 Regular Session
New Mexico HB145: HIGH-WAGE JOB TAX CREDIT DATES
Status: Introduced, February 9, 2026
What the bill says
An act relating to taxation; extending the date of eligibility for the high-wage jobs tax credit.
From the introduced text, January 22, 2026:
AN ACT RELATING TO TAXATION; EXTENDING THE DATE OF ELIGIBILITY FOR THE HIGH-WAGE JOBS TAX CREDIT. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 7-9G-1 NMSA 1978 (being Laws 2004, Chapter 15, Section 1, as amended by Laws 2025, Chapter 107, Section 1 and by Laws 2025, Chapter 130, Section 93) is amended to read: "7-9G-1. HIGH-WAGE JOBS TAX CREDIT--QUALIFYING HIGH-WAGE JOBS.-- A. A taxpayer that is an eligible employer may apply for, and the department may allow, a tax credit for each new high-wage job. The credit provided in this section may be referred to as the "high-wage jobs tax credit". B. The purpose of the high-wage jobs tax credit is .233294.1SA wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ to provide an incentive for businesses to create and fill new high-wage jobs in New Mexico. C. The high-wage jobs tax credit may be claimed and allowed in an amount equal to eight and one-half percent of the wages distributed to an eligible employee in a new high-wage job but shall not exceed twelve thousand seven hundred fifty dollars ($12,750) per job per qualifying period. The high-wage jobs tax credit may be claimed by an eligible employer for each new high-wage job performed for the year in which the new highwage job …
Sponsors
- Joshua N. Hernandez (R, HD-060) · primary sponsor
- Meredith A. Dixon (D, HD-020)
Latest actions
- : HTRC: Reported by committee with Do Pass recommendation
- : HCEDC: Reported by committee with Do Pass recommendation
- : Sent to HCEDC - Referrals: HCEDC/HTRC
- : Action Postponed Indefinitely
Subjects: TAXATION, INCOME, EMPLOYER & EMPLOYEE (including workers' comp)
Common questions
- What is HB145?
- HB145 is a bill in the New Mexico Legislature (2026 Regular Session): HIGH-WAGE JOB TAX CREDIT DATES.
- What does HB145 do?
- In its own words: An act relating to taxation; extending the date of eligibility for the high-wage jobs tax credit.
- What is the status of HB145?
- Introduced as of February 9, 2026. Latest action: HTRC: Reported by committee with Do Pass recommendation (February 9, 2026).
- Who sponsored HB145?
- Joshua N. Hernandez (R, HD-060), with 1 co-sponsor.
- Where is the official record for HB145?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=145&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.