WithdrawnFiled Feb 4, 2026
Sponsor: Small, Nathan P.
Latest Action
action postponed indefinitely
Mar 24, 2026
Summary
The bill changes New Mexico’s property‑tax valuation method to treat energy‑storage equipment the same as generation, transmission and distribution assets. It sets how the cost, depreciation and minimum value of such property are calculated, affecting utilities and other owners of storage systems. The changes would apply to tax years beginning on or after Jan. 1, 2027.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
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