---
type: "Bill"
title: "VETERAN PROPERTY TAX EXEMPTIONS"
description: "VETERAN PROPERTY TAX EXEMPTIONS"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2025"
identifier: "HB 47"
citation: "New Mexico HB 47 (2025)"
classification: ["bill"]
subjects: ["MILITARY AFFAIRS (national guard", "vets)", "TAXATION", "PROPERTY"]
status: "enacted"
primary_sponsors: ["De La Cruz, Art", "Martinez, Alan T.", "Terrazas, Luis M."]
version_count: 4
action_count: 10
vote_count: 2
first_action: "2025-01-06"
last_action: "2025-03-20"
source: "openstates"
source_identifier: "ocd-bill/8de0eb8b-ef3f-4278-a691-37c5c5725bf1"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=47&year=25"
source_hash: "ede9b595259981807bf79614250ba59e0cdeed7a26dbde7cb5427b281be9c6f6"
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 HB 47 (2025) — VETERAN PROPERTY TAX EXEMPTIONS

## Version chain

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

1. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/final/HB0047.PDF)
2. **GE substitute** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0047GES.HTML)
3. **TR substitute** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0047TRS.HTML)
4. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0047.HTML)

## Votes

- house passage — **62–0** (pass) · lower
- senate passage — **39–0** (pass) · upper

## Sponsors

- De La Cruz, Art — primary (person)
- Martinez, Alan T. — primary (person)
- Terrazas, Luis M. — primary (person)

## Timeline

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

- **2025-01-06** Sent to House Pre-file `introduction, referral-committee`
- **2025-02-12** DO NOT PASS, replaced with committee substitute `committee-passage`
- **2025-02-15** passed House `passage`
- **2025-01-30** DO NOT PASS, replaced with committee substitute `committee-passage`
- **2025-01-22** Sent to House Government, Elections and Indian Affairs Committee & House Taxation & Revenue Committee `introduction, referral-committee`
- **2025-02-17** Sent to Senate Tax, Business and Transportation Committee & Senate Judiciary Committee `introduction, referral-committee`
- **2025-03-06** DO PASS committee report adopted `committee-passage-favorable`
- **2025-03-11** DO PASS committee report adopted `committee-passage-favorable`
- **2025-03-12** passed Senate `passage`
- **2025-03-20** Signed `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/8de0eb8b-ef3f-4278-a691-37c5c5725bf1`. Confidence: reported (aggregated from official New Mexico legislature records).