KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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SB58 • 2026

EXTEND PROPERTY TAX EXEMPTION PERIOD

EXTEND PROPERTY TAX EXEMPTION PERIOD

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Heather Berghmans Cristina Parajón Nicole Tobiassen Cindy Nava
Last action
Official status
[1] SCC/STBTC/SFC-SCC-germane-STBTC [5] DP-SFC [7] DP/a - PASSED/S (27-8) [6] HCEDC/HTRC-HCEDC- DP-HTRC [8] DP [10] PASSED/H (66-0) SGND BY GOV (Mar. 4) Ch. 23.
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. New Mexico Legislature

    [1] SCC/STBTC/SFC-SCC-germane-STBTC [5] DP-SFC [7] DP/a - PASSED/S (27-8) [6] HCEDC/HTRC-HCEDC- DP-HTRC [8] DP [10] PASSED/H (66-0) SGND BY GOV (Mar. 4) Ch. 23.

Official Summary Text

EXTEND PROPERTY TAX EXEMPTION PERIOD