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HB 113·NM·house

RENEWABLE ENERGY PRODUCTION TAX ACT

FailedFiled Jan 22, 2026
Sponsor: Block, John
Latest Action

Action Postponed Indefinitely (session adjourned sine die)

Feb 19, 2026

Summary

The bill creates a new excise tax of three and three‑fourths percent on the wholesale value of each megawatt‑hour of electricity generated from solar, wind, hydro, geothermal or biomass. It applies to all generating facilities in the state, with exemptions for government, tribal, and limited personal‑use production. Collected taxes are paid monthly and deposited into the severance tax permanent fund starting Jan. 1, 2027.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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