Docket Room
SB 121·NM·senate

INCREASE TOBACCO PRODUCTS TAX

IntroducedFiled Jan 23, 2026
Sponsor: Hickey, Martin E.
Latest Action

action postponed indefinitely

Mar 24, 2026

Summary

SB 121 would increase the excise tax on most tobacco products to 40% of their wholesale price and set a capped rate for cigars. Thirty‑five percent of the tax receipts would go into a new Nicotine Use Prevention and Control Fund administered by the Department of Health to fund education and media campaigns for people ages 5‑25. The bill is currently introduced and has been postponed indefinitely.

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