New Mexico legislation · 2026 Regular Session
New Mexico SJM4: ADVANCE ELECTION FOR FEDERAL TAX PROGRAM
Status: Introduced, February 9, 2026
What the bill says
From the introduced text, February 9, 2026:
wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ SENATE JOINT MEMORIAL 57TH LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 2026 INTRODUCED BY James G. Townsend and Larry R. Scott and Rex Wilson and Jay C. Block A JOINT MEMORIAL REQUESTING THE GOVERNOR TO SUBMIT AN ADVANCE ELECTION TO PARTICIPATE IN THE FEDERAL EDUCATION FREEDOM TAX CREDIT PROGRAM. WHEREAS, on July 4, 2025, the allowance of credit for contributions of individuals to scholarship granting organizations, also known as the federal education freedom tax credit, was enacted pursuant to 26 U.S.C. Section 25F, as added by Section 1201 of Public Law 118-234, creating the nation's first federal scholarship tax credit program; and WHEREAS, starting in 2027, taxpayers can claim up to one thousand seven hundred dollars ($1,700) in dollar-for-dollar tax credits for donations to nonprofit scholarship granting organizations that award scholarships to kindergarten through twelfth grade students, with a focus on supporting low-income .233880.2 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ families and students with special needs; and WHEREAS, the federal education freedom tax credit provides for the flexible use of scholarships covering expenses for tuition, fees, academic tutoring, special needs services in the case of a special needs beneficiary, books, supplies and other equipment that are incurred in connection with the enrollment or attendance of the designated beneficiary …
Sponsors
- James G. Townsend (R, SD-034) · primary sponsor
- Larry R. Scott (R, SD-042)
- Wilson, Rex (R, 33)
- Jay C. Block (R, SD-012)
Latest actions
- : Sent to SRC - Referrals: SRC/SEC
- : Action Postponed Indefinitely
Subjects: TAXATION ADMINISTRATION, ELECTIONS
Common questions
- What is SJM4?
- SJM4 is a bill in the New Mexico Legislature (2026 Regular Session): ADVANCE ELECTION FOR FEDERAL TAX PROGRAM.
- What is the status of SJM4?
- Introduced as of February 9, 2026. Latest action: Sent to SRC - Referrals: SRC/SEC (February 9, 2026).
- Who sponsored SJM4?
- James G. Townsend (R, SD-034), with 3 co-sponsors.
- Where is the official record for SJM4?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=JM&legNo=4&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.