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HB 221·NM·house

ARMED FORCES RETIREMENT PAY TAX EXEMPTION

FailedFiled Jan 29, 2026
Sponsor: Block, John
Latest Action

Action Postponed Indefinitely (session adjourned sine die)

Feb 19, 2026

Summary

The bill changes state tax law to let armed‑forces retirees and their surviving spouses deduct their entire retirement pay from state income tax, instead of being limited to $30,000. It applies to tax years beginning Jan. 1, 2026. The change expands the tax benefit for veterans and their families.

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

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