New Mexico legislation · 2026 Regular Session
New Mexico SB150: LOCAL NEWS PRINTER TAX CREDIT
Status: In committee, February 13, 2026
What the bill says
An act relating to taxation; creating the local news printer income tax credit and local news printer corporate income tax credit.
From the introduced text, January 26, 2026:
AN ACT RELATING TO TAXATION; CREATING THE LOCAL NEWS PRINTER INCOME TAX CREDIT AND LOCAL NEWS PRINTER CORPORATE 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] LOCAL NEWS PRINTER INCOME TAX CREDIT.-- A. For taxable years prior to January 1, 2031, a taxpayer who is not a dependent of another individual and is an owner of a local news printer that employs a qualified employee may claim a credit against the taxpayer's tax liability imposed pursuant to the Income Tax Act in an amount provided in Subsection B of this section. The tax credit provided by this section may be referred to as the "local news printer income tax credit". .233390.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ B. The amount of tax credit shall be in an amount equal to the wages paid to each qualified employee employed by a local news printer in the taxable year for which the tax credit is claimed, not to exceed: (1) ten thousand dollars ($10,000) for a qualified employee working an average of twenty hours or more per week in the taxable year; and (2) five thousand dollars ($5,000) for a qualified employee working an average of less …
Sponsors
- Peter Wirth (D, SD-025) · primary sponsor
Latest actions
- : STBTC: Reported by committee with Do Pass recommendation
- : 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, BUSINESS & INDUSTRY
Common questions
- What is SB150?
- SB150 is a bill in the New Mexico Legislature (2026 Regular Session): LOCAL NEWS PRINTER TAX CREDIT.
- What does SB150 do?
- In its own words: An act relating to taxation; creating the local news printer income tax credit and local news printer corporate income tax credit.
- What is the status of SB150?
- In committee as of February 13, 2026. Latest action: STBTC: Reported by committee with Do Pass recommendation (February 13, 2026).
- Who sponsored SB150?
- Peter Wirth (D, SD-025).
- Where is the official record for SB150?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=150&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.