FailedFiled Feb 3, 2026
Sponsor: Terrazas, Luis M.
Latest Action
Action Postponed Indefinitely (session adjourned sine die)
Feb 19, 2026
Summary
The bill adds a corporate income tax credit for railroad companies that incur qualified reconstruction, replacement, or new rail‑infrastructure costs in New Mexico. The credit is worth half of those qualified expenses, subject to per‑mile and per‑project caps, and is limited to $6 million in total each calendar year. It is intended to encourage rail improvements that boost freight capacity and reduce highway impacts.
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