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SB182 • 2026

DYED DIESEL GRT DEDUCTION

DYED DIESEL GRT DEDUCTION

Did Not Pass

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

Sponsor
Senator Crystal Brantley, Senator Gabriel Ramos, Senator Joshua A. Sanchez, Senator Pat Woods
Last action
Official status
[5] SCC/STBTC/SFC-SCC-germane-STBTC 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.

DYED DIESEL GRT DEDUCTION

DYED DIESEL GRT DEDUCTION

What This Bill Does

  • DYED DIESEL GRT 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. 2026-01-29 New Mexico Legislature

    SCC: Reported by committee to fall within the purview of a 30 day session

  2. 2026-01-28 New Mexico Legislature

    Sent to SCC - Referrals: SCC/STBTC/SFC

  3. New Mexico Legislature

    Action Postponed Indefinitely

Official Summary Text

DYED DIESEL GRT DEDUCTION

Current Bill Text

Read the full stored bill text 
SB0182

SENATE BILL 182

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

INTRODUCED BY

Joshua A. Sanchez
and
Crystal Brantley
and
Pat Woods

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.

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Laws 2024, Chapter 67, Section 15) is repealed.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.

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