New Mexico legislation · 2026 Regular Session
New Mexico SB182: DYED DIESEL GRT DEDUCTION
Status: In committee, January 29, 2026
What the bill says
An act relating to taxation; providing a gross receipts tax deduction for dyed diesel; repealing a gross receipts tax credit for dyed diesel used for agricultural purposes.
From the introduced text, January 28, 2026:
AN ACT RELATING TO TAXATION; PROVIDING A GROSS RECEIPTS TAX DEDUCTION FOR DYED DIESEL; REPEALING A GROSS RECEIPTS TAX CREDIT FOR DYED DIESEL USED FOR AGRICULTURAL PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. A new section of the Gross Receipts and Compensating Tax Act is enacted to read: "[NEW MATERIAL] DEDUCTION--GROSS RECEIPTS TAX--DYED DIESEL.-- A. Prior to July 1, 2031, receipts from the sale of special fuel dyed in accordance with federal regulations may be deducted from gross receipts. B. A taxpayer allowed a deduction pursuant to this section shall report the amount of the deduction separately in a manner required by the department. .232543.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ C. The deduction provided by this section shall be included in the tax expenditure budget pursuant to Section 7-1-84 NMSA 1978, including the annual aggregate cost of the deduction." SECTION 2. REPEAL.--Section 7-9-58.1 NMSA 1978 (being Laws 2024, Chapter 67, Section 15) is repealed. SECTION 3. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2026. - 2 - .232543.1
Sponsors
- Joshua A. Sanchez (R, SD-029) · primary sponsor
- Brantley, Crystal (R, 35)
- Pat Woods (R, SD-007)
- Gabriel Ramos (R, SD-028)
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, GROSS RECEIPTS & COMPENSATING, TAXATION, OTHER (gas, cigarettes, etc.)
Common questions
- What is SB182?
- SB182 is a bill in the New Mexico Legislature (2026 Regular Session): DYED DIESEL GRT DEDUCTION.
- What does SB182 do?
- In its own words: An act relating to taxation; providing a gross receipts tax deduction for dyed diesel; repealing a gross receipts tax credit for dyed diesel used for agricultural purposes.
- What is the status of SB182?
- In committee as of January 29, 2026. Latest action: SCC: Reported by committee to fall within the purview of a 30 day session (January 29, 2026).
- Who sponsored SB182?
- Joshua A. Sanchez (R, SD-029), with 3 co-sponsors.
- Where is the official record for SB182?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=182&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.