New Mexico legislation · 2026 Regular Session
New Mexico HB193: SCHOLARSHIPS FOR PRIVATE ED & TAX CREDITS
Status: Introduced, January 27, 2026
What the bill says
An act relating to private education; providing for the authorization of school tuition organizations to award educational scholarships to certain low-income students to attend private schools; creating the educational scholarship income tax credit and the educational scholarship corporate income tax credit.
From the introduced text, January 27, 2026:
AN ACT RELATING TO PRIVATE EDUCATION; PROVIDING FOR THE AUTHORIZATION OF SCHOOL TUITION ORGANIZATIONS TO AWARD EDUCATIONAL SCHOLARSHIPS TO CERTAIN LOW-INCOME STUDENTS TO ATTEND PRIVATE SCHOOLS; CREATING THE EDUCATIONAL SCHOLARSHIP INCOME TAX CREDIT AND THE EDUCATIONAL SCHOLARSHIP CORPORATE INCOME TAX CREDIT. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. [NEW MATERIAL] SCHOOL TUITION ORGANIZATIONS-- AUTHORIZATION TO AWARD EDUCATIONAL SCHOLARSHIPS TO PRIVATE SCHOOLS.-- A. The department may authorize a school tuition organization to award educational scholarships to eligible students to attend a private school in New Mexico of the students' parents' choice pursuant to this section. B. A school tuition organization shall apply for .233224.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ authorization on forms and in a manner prescribed by the department. To be eligible as a school tuition organization, the organization shall: (1) allocate at least ninety percent of the organization's annual revenue received from contributions for educational scholarships to eligible students to attend private schools in New Mexico; (2) not limit the availability of educational scholarships to students of only one private school; (3) not allow donors to designate student beneficiaries as a condition of any contribution to the organization or facilitate, encourage or knowingly allow the exchange of beneficiary student designations; (4) include on the organization's website, if one exists, …
Sponsors
- Rod Montoya (R, HD-001) · primary sponsor
Latest actions
- : Sent to HEC - Referrals: HEC/HTRC
- : Action Postponed Indefinitely
Subjects: EDUCATION, OTHER, TAXATION, INCOME
Common questions
- What is HB193?
- HB193 is a bill in the New Mexico Legislature (2026 Regular Session): SCHOLARSHIPS FOR PRIVATE ED & TAX CREDITS.
- What does HB193 do?
- In its own words: An act relating to private education; providing for the authorization of school tuition organizations to award educational scholarships to certain low-income students to attend private schools; creating the educational scholarship income tax credit and the educational scholarship corporate income tax credit.
- What is the status of HB193?
- Introduced as of January 27, 2026. Latest action: Sent to HEC - Referrals: HEC/HTRC (January 27, 2026).
- Who sponsored HB193?
- Rod Montoya (R, HD-001).
- Where is the official record for HB193?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=193&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.