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Vol. 2026 · Bill Detail · Special Edition

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Wednesday, September 2, 2026

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NM · SB156INTRO · 1 COSPONSOR

Social Security Income Tax Cap

Also relevant to:Senior (65+, Medicare/SS)
Where it is in the process
Plain-English Summary

This bill removes the income cap for the social security income exemption under New Mexico's Income Tax Act. If passed, individuals would be able to exempt all of their social security income from state taxes, regardless of their total adjusted gross income. 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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