---
type: "Bill"
title: "SCHOOL DISTRICT IN-LIEU-OF-TAXES PAYMENTS"
description: "SCHOOL DISTRICT IN-LIEU-OF-TAXES PAYMENTS"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2023"
identifier: "SB 474"
citation: "New Mexico SB 474 (2023)"
classification: ["bill"]
subjects: ["BUSINESS & INDUSTRY", "EDUCATION", "PUBLIC SCHOOLS", "FINANCE", "PUBLIC"]
status: "enacted"
primary_sponsors: ["Shendo, Benny, Jr."]
version_count: 3
action_count: 8
vote_count: 0
first_action: "2023-02-16"
last_action: "2023-04-06"
source: "openstates"
source_identifier: "ocd-bill/87a36d19-efa4-4a00-92c1-e2b7c8d24673"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=474&year=23"
source_hash: "354e8f43e4cd6af70e4de77f8820d6b7ddc3456a520c78d671edf566723c34d0"
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 474 (2023) — SCHOOL DISTRICT IN-LIEU-OF-TAXES PAYMENTS

## 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/SB0474.pdf)
2. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/23%20Regular/final/SB0474.PDF)
3. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/23%20Regular/bills/senate/SB0474.HTML)

## Sponsors

- Shendo, Benny, Jr. — primary (person)

## Timeline

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

- **2023-02-25** DO PASS committee report adopted `committee-passage-favorable`
- **2023-03-02** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2023-02-16** Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee `introduction, referral-committee`
- **2023-03-06** passed Senate `passage`
- **2023-03-14** passed House `passage`
- **2023-03-07** Sent to House Taxation & Revenue Committee `introduction, referral-committee`
- **2023-03-10** DO PASS committee report adopted `committee-passage-favorable`
- **2023-04-06** Signed `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/87a36d19-efa4-4a00-92c1-e2b7c8d24673`. Confidence: reported (aggregated from official New Mexico legislature records).