New Mexico legislation · 2026 Regular Session
New Mexico SB116: UNIFORMED SVC. RETIREMENT PAY TAX EXEMPTION
Status: In committee, January 26, 2026
What the bill says
An act relating to income tax; removing the limit on the amount of the income tax exemption for uniformed services retirement pay.
From the introduced text, January 23, 2026:
AN ACT RELATING TO INCOME TAX; REMOVING THE LIMIT ON THE AMOUNT OF THE INCOME TAX EXEMPTION FOR UNIFORMED SERVICES RETIREMENT PAY. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 7-2-5.13 NMSA 1978 (being Laws 2022, Chapter 47, Section 6, as amended) is amended to read: "7-2-5.13. EXEMPTION--[ARMED FORCES] UNIFORMED SERVICES RETIREMENT PAY.-- A. An individual who is [an armed forces] a uniformed services retiree or the surviving spouse of [an armed forces] a uniformed services retiree may claim an exemption in [an amount equal to thirty thousand dollars ($30,000) of armed forces] the amount of the retiree's uniformed services retirement pay includable, except for this exemption, in net income. .232531.2 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ B. As used in this section: (1) "uniformed service" means: (a) active and reserve components of the army, navy, air force, space force, marine corps or coast guard of the United States; (b) the United States merchant marine; (c) the commissioned corps of the United States public health service; (d) the commissioned corps of the national oceanic and atmospheric administration of the United States; or (e) the national guard of a state; and (2) "[armed forces] uniformed services retiree" means a former member of the [armed forces] uniformed services of the United States who …
Sponsors
- Jay C. Block (R, SD-012) · primary sponsor
- Anthony L. Thornton (R, SD-019)
Latest actions
- : SCC: Reported by committee to fall within the purview of a 30 day session
- : Sent to SCC - Referrals: SCC/STBTC/SFC
- : Action Postponed Indefinitely
Subjects: TAXATION, INCOME, MILITARY AFFAIRS (national guard, vets)
Common questions
- What is SB116?
- SB116 is a bill in the New Mexico Legislature (2026 Regular Session): UNIFORMED SVC. RETIREMENT PAY TAX EXEMPTION.
- What does SB116 do?
- In its own words: An act relating to income tax; removing the limit on the amount of the income tax exemption for uniformed services retirement pay.
- What is the status of SB116?
- In committee as of January 26, 2026. Latest action: SCC: Reported by committee to fall within the purview of a 30 day session (January 26, 2026).
- Who sponsored SB116?
- Jay C. Block (R, SD-012), with 1 co-sponsor.
- Where is the official record for SB116?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=116&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.