FailedFiled Jan 30, 2026
Sponsor: Pettigrew, Randall T.
Latest Action
Action Postponed Indefinitely (session adjourned sine die)
Feb 19, 2026
Summary
The bill establishes a Taxpayer Dividend Income Tax Rebate Fund that will be financed by any excess extraction taxes and excess federal mineral‑leasing receipts. Residents who file a New Mexico income‑tax return and are not claimed as a dependent will receive an equal share of the fund as a rebate. The measure redirects surplus resource revenues back to taxpayers instead of other state programs.
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