Docket Room.
SB 89·NM·senate

TAX HOLIDAY FOR HUNTING & FISHING SUPPLIES

IntroducedFiled Jan 22, 2026
Sponsor: Tobiassen, Nicole
Latest Action

Action Postponed Indefinitely (session adjourned sine die)

Feb 19, 2026

Summary

The bill lets retailers deduct the gross receipts from sales of specified hunting, fishing, camping, and firearm products—if each item’s price is below set limits—during a defined holiday period. This reduces the state gross receipts tax they owe, effectively lowering prices for consumers. It applies to most sellers except those operating under franchise agreements.

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

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