SB185 • 2026

INCREASE GASOLINE TAX

Taxes

Did Not Pass

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

Sponsor: Senator William P. Soules
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.

INCREASE GASOLINE TAX

What This Bill Does

INCREASE GASOLINE TAX

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

2026-01-30 New Mexico Legislature
SCC: Reported by committee to fall within the purview of a 30 day session
2026-01-29 New Mexico Legislature
Sent to SCC - Referrals: SCC/STBTC/SFC
New Mexico Legislature
Action Postponed Indefinitely

Official Summary Text

INCREASE GASOLINE TAX

Current Bill Text

Read the full stored bill text

SB0185

SENATE BILL 185

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

INTRODUCED BY

William P. Soules

AN ACT

RELATING TO TAXATION; INCREASING THE GASOLINE 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 [
seventeen cents ($.17)
]
twenty cents ($.20)
per
gallon received in New Mexico.

C. The tax imposed by this section may be called
the "gasoline tax"."

SECTION 2.
EFFECTIVE DATE.--The effective date of the
provisions of this act is July 1, 2026.

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