1st Responder Retirement Tax Deduction

Also relevant to:Senior (65+, Medicare/SS)

Where it is in the process

Plain-English Summary

House Bill 55 creates a new income tax deduction in New Mexico for first responder retirement income. This bill allows retired first responders, or their unmarried surviving spouses, to deduct 50% of their first responder retirement pay from their net income. If passed, this change would apply to taxable years starting on or after January 1, 2026.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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