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HB55 • 2026

1ST RESPONDER RETIREMENT TAX DEDUCTION

1ST RESPONDER RETIREMENT TAX DEDUCTION

Taxes
Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Representative John Block, Representative Cynthia Borrego, Representative Alan T. Martinez, Representative Harlan Vincent
Last action
Official status
HPREF [1] HLVMC/HTRC-HLVMC [2] DP-HTRC API.
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

1ST RESPONDER RETIREMENT TAX DEDUCTION

1ST RESPONDER RETIREMENT TAX DEDUCTION

What This Bill Does

  • 1ST RESPONDER RETIREMENT TAX DEDUCTION

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-01-28 New Mexico Legislature

    HLVMC: Reported by committee with Do Pass recommendation

  2. 2026-01-22 New Mexico Legislature

    Sent to HLVMC - Referrals: HLVMC/HTRC

  3. New Mexico Legislature

    Sent to HPREF - Referrals: HPREF

  4. New Mexico Legislature

    Action Postponed Indefinitely

Official Summary Text

1ST RESPONDER RETIREMENT TAX DEDUCTION

Current Bill Text

Read the full stored bill text 
HB0055

HOUSE BILL 55

57th legislature - STATE OF NEW MEXICO - second session, 2026

INTRODUCED BY

Alan T. Martinez
and
John Block
and
Harlan Vincent

AN ACT

RELATING TO TAXATION; PROVIDING AN INCOME TAX DEDUCTION FOR
FIRST RESPONDER RETIREMENT INCOME.

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
] DEDUCTION--FIRST RESPONDER RETIREMENT
INCOME.--

A. A taxpayer who is a first responder retiree or
the unmarried surviving spouse of a first responder retiree may
claim a deduction in an amount equal to fifty percent of the
taxpayer's retirement pay earned for service as a first
responder includable in net income.

B. To claim a deduction pursuant to this section, a
taxpayer shall submit to the department information required by
the secretary establishing that the taxpayer is eligible to
claim the deduction.

C. A taxpayer allowed the deduction pursuant to
this section shall report the amount of the deduction to the
department in a manner required by the department.

D. 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.

E. As used in this section, "first responder" means
a law enforcement officer, a firefighter or emergency medical
services personnel whose duties include responding rapidly to
an emergency."

SECTION 2.
APPLICABILITY.--The provisions of this act
apply to taxable years beginning on or after January 1, 2026.

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