Sat Mar 8 5:24PM - 13 days, 17 hours left in session

Senate Bill 285

Exempt Tips From Income Tax [view on nmlegis.gov]

Financial Analysis: FIR


Sponsors
Sen. James G. Townsend 34 Eddy & Otero
Sen. Nicholas A. Paul 33 Chaves, Lincoln & Otero
Sen. Anthony L. Thornton 19 Bernalillo, Sandoval, Santa Fe & Torrance
Sen. Jay C. Block 12 Bernalillo & Sandoval
Sen. Pat Boone 27 Chaves, Curry, De Baca, Lea & Roosevelt

Status
STBTC[Referred, not scheduled]
SFC

"Official" History

This is the official nmlegis action history. I'm doing my best to translate the LONG/WEIRD-STRING to something less gibberishy. And before you ask, no, the "Legis Day" number has no mapping to the real world.

Actions: [4] STBTC/SFC-STBTC

Legis DayActionDetails
4 referred STBTC/SFC
4 sent STBTC

This table shows bill actions detected on Ed's system, using heuristics that may not be 100% accurate and which may not reflect the "official" nmlegis chronology. It is probably more than you care to know.

Feb 5 filed: [Prefiled by James G. Townsend et al; not yet on nmlegis]
[new]
sent to STBTC
title: '[prefiled by James G. Townsend Et Al; Not Yet on Nmlegis]' -> 'Exempt Tips From Income Tax'
actions: 'SPREF' -> '[4] STBTC/SFC-STBTC'
new sponsor: James G. Townsend
new sponsor: Nicholas A. Paul
new sponsor: Anthony L. Thornton
new sponsor: Jay C. Block
new sponsor: Pat Boone

SENATE BILL 285

57th legislature - STATE OF NEW MEXICO - first session, 2025

INTRODUCED BY

James G. Townsend and Nicholas A. Paul and Anthony L. Thornton and Jay C. Block and Pat Boone

 

 

 

 

AN ACT

RELATING TO TAXATION; EXEMPTING TIPS FROM INCOME TAX.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     SECTION 1. A new section of the Income Tax Act is enacted to read:

     "[NEW MATERIAL] EXEMPTION--INCOME FROM TIPS.--A resident who receives tips as compensation for services rendered by the resident or as part of wages earned by the resident may claim an exemption in the amount of the tips received from income includable, except for this exemption, in net income."

     SECTION 2. APPLICABILITY.--The provisions of this act apply to taxable years beginning on or after January 1, 2025.

.230375.1

Legislators: Democratic sponsorship Republican sponsorship Bipartisan sponsorship This indicates your legislator
(Highlights bills they sponsor, committees they sit in)
Bill Rows: Active -- hearings scheduled (NN) - sequence number in agenda Inactive -- no hearings scheduled
Bill Progress: Passed Failed Vote Tabled
Incomplete Data: Heard(?)
(was scheduled for hearing recently)		 Heard Long Ago
(was scheduled for hearing many days ago)		 (There is very little I can do about these because nmlegis.gov does not report real-time results)

This site pulls data from nmlegis.gov but is in no way associated with that site or the state of New Mexico. It's just a labor of love by Ed.

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