Docket Room
HB 92·NM·house

SENIOR INCOME TAX DEDUCTION

In CommitteeFiled Jan 16, 2026
Sponsor: Sena Cortez, Elaine
Latest Action

action postponed indefinitely

Mar 24, 2026

Summary

The bill amends state tax law to let seniors deduct a larger share of their Social Security income from state taxes. The amount of the exemption depends on the taxpayer’s adjusted gross income and phases up to 100% by 2034‑2036. It aims to provide greater tax relief to older residents as a way to strengthen retirement security.

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