IntroducedFiled Jan 23, 2026
Sponsor: Block, Jay C.
Latest Action
Action Postponed Indefinitely (session adjourned sine die)
Feb 19, 2026
Summary
The bill changes New Mexico law so that any amount of a uniformed‑service retiree’s pension is exempt from state income tax, instead of being limited to $30,000. It covers retirees and surviving spouses from the armed forces, National Guard, Coast Guard, merchant marine, Public Health Service, and NOAA commissioned corps. The exemption becomes effective for tax years beginning on or after January 1, 2027.
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