New Mexico legislation · 2026 Regular Session
New Mexico SB213: INDEX GAS, WEIGHT & SPECIAL FUELS TAXES
Status: In committee, February 3, 2026
What the bill says
An act relating to taxation; indexing the gasoline tax, the weight distance tax and the special fuel excise tax.
From the introduced text, February 2, 2026:
AN ACT RELATING TO TAXATION; INDEXING THE GASOLINE TAX, THE WEIGHT DISTANCE TAX AND THE SPECIAL FUEL EXCISE TAX. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 7-13-3 NMSA 1978 (being Laws 1971, Chapter 207, Section 3, as amended) is amended to read: "7-13-3. IMPOSITION AND RATE OF TAX--DENOMINATION AS "GASOLINE TAX".-- A. For the privilege of receiving gasoline in this state, there is imposed an excise tax at a rate provided in Subsection B of this section on each gallon of gasoline received in New Mexico. B. The tax imposed by Subsection A of this section shall be: (1) prior to July 1, 2028, seventeen cents .233323.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ ($.17) per gallon received in New Mexico; and (2) on and after July 1, 2028, the rate determined pursuant to Subsection C of this section. C. No later than April 30, 2028 and April 30 of each subsequent year, the department shall calculate the rate of gasoline tax to be imposed as of July 1 of that year. The rate of the gasoline tax per gallon shall be equal to the product, rounded down to the nearest whole cent, of seventeen cents ($.17) multiplied by a fraction with a numerator equal to the consumer price index for …
Sponsors
- George K. Muñoz (D, SD-004) · primary sponsor
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, OTHER (gas, cigarettes, etc.)
Common questions
- What is SB213?
- SB213 is a bill in the New Mexico Legislature (2026 Regular Session): INDEX GAS, WEIGHT & SPECIAL FUELS TAXES.
- What does SB213 do?
- In its own words: An act relating to taxation; indexing the gasoline tax, the weight distance tax and the special fuel excise tax.
- What is the status of SB213?
- In committee as of February 3, 2026. Latest action: SCC: Reported by committee to fall within the purview of a 30 day session (February 3, 2026).
- Who sponsored SB213?
- George K. Muñoz (D, SD-004).
- Where is the official record for SB213?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=213&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.