---
type: "Bill"
title: "SOLAR MARKET DEVELOPMENT INCOME TAX CREDIT"
description: "SOLAR MARKET DEVELOPMENT INCOME TAX CREDIT"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2020"
identifier: "SB 29"
citation: "New Mexico SB 29 (2020)"
classification: ["bill"]
subjects: ["TAXATION", "INCOME", "ENERGY & NATURAL RESOURCES"]
status: "enacted"
primary_sponsors: ["McQueen, Matthew", "Stewart, Mimi"]
version_count: 3
action_count: 10
vote_count: 0
first_action: "2019-12-18"
last_action: "2020-03-04"
source: "openstates"
source_identifier: "ocd-bill/3185c8ab-c310-4a55-949f-d5242df2af1f"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=29&year=20"
source_hash: "c425e6f963f16d6deab47e0da3eb15d62a5cfa4d8acebdee23b3fc4332d63904"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nm"]
---

# New Mexico SB 29 (2020) — SOLAR MARKET DEVELOPMENT INCOME TAX CREDIT

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Amendments in Context** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/20%20Regular/Amendments_In_Context/SB0029.pdf)
2. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/20%20Regular/final/SB0029.PDF)
3. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/20%20Regular/bills/senate/SB0029.HTML)

## Sponsors

- McQueen, Matthew — primary (person)
- Stewart, Mimi — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2020-03-04** Signed `executive-signature`
- **2019-12-18** Sent to Senate Pre-file `introduction, referral-committee`
- **2020-01-21** Sent to Senate Committees' Committee & Senate Corporations and Transportation Committee & Senate Finance Committee `introduction, referral-committee`
- **2020-01-22** germane
- **2020-01-28** DO PASS committee report adopted `committee-passage-favorable`
- **2020-02-15** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2020-02-15** passed Senate `passage`
- **2020-02-16** Sent to House Taxation & Revenue Committee `introduction, referral-committee`
- **2020-02-17** DO PASS committee report adopted `committee-passage-favorable`
- **2020-02-19** passed House `passage`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3185c8ab-c310-4a55-949f-d5242df2af1f`. Confidence: reported (aggregated from official New Mexico legislature records).