New Mexico legislation · 2026 Regular Session
New Mexico HB320: INDUSTRIAL CARBON REDUCTION ACT
Status: Failed, February 12, 2026
What the bill says
An act relating to the environment; enacting the industrial carbon reduction act; creating carbon reduction production and investment programs in the economic development department; providing for the establishment of industry benchmarks and reduction calculations by the department of environment; providing for rulemaking by both departments; creating a fund; making a transfer from the general fund to the carbon reduction production and investment fund.
From the introduced text, February 4, 2026:
AN ACT RELATING TO THE ENVIRONMENT; ENACTING THE INDUSTRIAL CARBON REDUCTION ACT; CREATING CARBON REDUCTION PRODUCTION AND INVESTMENT PROGRAMS IN THE ECONOMIC DEVELOPMENT DEPARTMENT; PROVIDING FOR THE ESTABLISHMENT OF INDUSTRY BENCHMARKS AND REDUCTION CALCULATIONS BY THE DEPARTMENT OF ENVIRONMENT; PROVIDING FOR RULEMAKING BY BOTH DEPARTMENTS; CREATING A FUND; MAKING A TRANSFER FROM THE GENERAL FUND TO THE CARBON REDUCTION PRODUCTION AND INVESTMENT FUND. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. [NEW MATERIAL] SHORT TITLE.--This act may be cited as the "Industrial Carbon Reduction Act". SECTION 2. [NEW MATERIAL] DEFINITIONS.--As used in the Industrial Carbon Reduction Act: A. "carbon intensity" means the quantity of carbon .232581.2 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ dioxide emitted during the production of an eligible product, reflecting scope one emissions and scope two emissions and inclusive of any such additional emissions required to achieve a reduction in carbon intensity; B. "certification of eligibility" means the certification provided by the department that qualifies an eligible entity to be awarded a production incentive or an investment grant; C. "department" means the economic development department; D. "eligible entity" means a person that owns or operates a qualified industrial facility in New Mexico; E. "eligible product" means concrete, cement, asphalt, iron, steel, glass, hydrogen, ammonia, methanol, ethylene, aluminum, pulp, paper, critical …
Sponsors
- Meredith A. Dixon (D, HD-020) · primary sponsor
- Kristina Ortez (D, HD-042)
- Small, Nathan P.
Latest actions
- : HENRC: Reported by committee with Do Pass recommendation
- : Sent to HENRC - Referrals: HENRC/HAFC
- : Withdrawn from committee or daily calendar, ordered printed and referred to
- : Not Printed
- : Action Postponed Indefinitely
Subjects: ENVIRONMENT, STATE AGENCIES & DEPARTMENTS (including reorganization)
Common questions
- What is HB320?
- HB320 is a bill in the New Mexico Legislature (2026 Regular Session): INDUSTRIAL CARBON REDUCTION ACT.
- What does HB320 do?
- In its own words: An act relating to the environment; enacting the industrial carbon reduction act; creating carbon reduction production and investment programs in the economic development department; providing for the establishment of industry benchmarks and reduction calculations by the department of environment; providing for rulemaking by both departments; creating a fund; making a transfer from the general fund to the carbon reduction production and investment fund.
- What is the status of HB320?
- Failed as of February 12, 2026. Latest action: HENRC: Reported by committee with Do Pass recommendation (February 12, 2026).
- Who sponsored HB320?
- Meredith A. Dixon (D, HD-020), with 2 co-sponsors.
- Where is the official record for HB320?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=320&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.