---
type: "Bill"
title: "EXCESS OIL & GAS FUNDS TO SEVERANCE TAX FUND"
description: "EXCESS OIL & GAS FUNDS TO SEVERANCE TAX FUND"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2023"
identifier: "SB 26"
citation: "New Mexico SB 26 (2023)"
classification: ["bill"]
subjects: ["ENERGY & NATURAL RESOURCES", "FINANCE", "PUBLIC"]
status: "enacted"
primary_sponsors: ["Gonzales, Roberto \"Bobby\" J."]
version_count: 3
action_count: 11
vote_count: 0
first_action: "2023-01-17"
last_action: "2023-03-17"
source: "openstates"
source_identifier: "ocd-bill/9f135059-d31b-4c8f-8e6a-e52e4187a596"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=26&year=23"
source_hash: "0cef8842aa5269870cc929a24e4e97cb53b2b5d86fb9f4be9401409e8dba4926"
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 26 (2023) — EXCESS OIL & GAS FUNDS TO SEVERANCE TAX FUND

## 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/23%20Regular/Amendments_In_Context/SB0026.pdf)
2. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/23%20Regular/final/SB0026.PDF)
3. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/23%20Regular/bills/senate/SB0026.HTML)

## Sponsors

- Gonzales, Roberto "Bobby" J. — primary (person)

## Timeline

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

- **2023-01-17** Sent to Senate Pre-file `introduction, referral-committee`
- **2023-01-17** Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee `introduction, referral-committee`
- **2023-02-02** DO PASS committee report adopted `committee-passage-favorable`
- **2023-02-28** DO PASS committee report adopted `committee-passage-favorable`
- **2023-02-15** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2023-02-16** passed Senate `passage`
- **2023-02-17** Sent to House Energy, Environment and Natural Resources Committee & House Taxation & Revenue Committee `introduction, referral-committee`
- **2023-03-14** Senate concurred in House amendments
- **2023-03-17** Signed `executive-signature`
- **2023-03-13** passed House `passage`
- **2023-03-08** DO PASS, as amended, committee report adopted `committee-passage-favorable`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9f135059-d31b-4c8f-8e6a-e52e4187a596`. Confidence: reported (aggregated from official New Mexico legislature records).