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Read. Follow. Verify.New Mexico bill removes $30,000 cap on state income tax exemption for uniformed services retirement pay
Last action · January 26, 2026: SCC: Reported by committee to fall within the purview of a 30 day sessionSponsors: Jay Block and 1 other
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What This Bill Proposed
Senate Bill 116 removes the current $30,000 limit on the state income tax exemption for retirement pay, allowing retirees or their surviving spouses to exempt their full retirement pay from starting January 1, 2027.
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
Uniformed services retirees
Uniformed services retirees may claim an exemption for their entire retirement pay rather than being limited to a $30,000 cap.
Surviving spouses of uniformed services retirees
Surviving spouses are eligible to claim the unlimited retirement pay tax exemption.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Who is eligible for the expanded tax exemption?
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News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · in Senate committee.
Procedural history
2 actions- Jan 26, 2026SenateSCC: Reported by committee to fall within the purview of a 30 day session
- Jan 23, 2026SenateCommitteeSent to SCC - Referrals: SCC/STBTC/SFC
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
www.nmlegis.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 50)
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz30Current news / social attention level
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