Docket Room
SB 182·NM·senate

DYED DIESEL GRT DEDUCTION

IntroducedFiled Jan 28, 2026
Sponsor: Sanchez, Joshua A.
Latest Action

action postponed indefinitely

Mar 24, 2026

Summary

The bill allows businesses to deduct revenue from selling dyed diesel from their gross receipts tax until July 1 2031. It also repeals a prior tax credit that applied to dyed diesel used for agricultural purposes. The change is intended to simplify how this fuel is taxed.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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