---
type: "Bill"
title: "FLOOD RECOVERY BONDS & GROSS RECEIPTS"
description: "FLOOD RECOVERY BONDS & GROSS RECEIPTS"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2025"
identifier: "SB 383"
citation: "New Mexico SB 383 (2025)"
classification: ["bill"]
subjects: ["FINANCE", "PUBLIC", "TAXATION", "GROSS RECEIPTS & COMPENSATING"]
status: "enacted"
primary_sponsors: ["Ezzell, Candy Spence"]
version_count: 4
action_count: 8
vote_count: 2
first_action: "2025-02-13"
last_action: "2025-03-31"
source: "openstates"
source_identifier: "ocd-bill/075d8dc8-4a73-4bf6-8a29-db57511c374b"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=383&year=25"
source_hash: "a67c1ea8994b95df7d34a675035474bf34c380fc4856a7709ea27ceba8c54ffa"
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 383 (2025) — FLOOD RECOVERY BONDS & GROSS RECEIPTS

## 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/25%20Regular/Amendments_In_Context/SB0383.pdf)
2. **CT substitute** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0383CTS.HTML)
3. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/final/SB0383.PDF)
4. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0383.HTML)

## Votes

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

## Sponsors

- Ezzell, Candy Spence — primary (person)

## Timeline

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

- **2025-02-13** Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee `introduction, referral-committee`
- **2025-03-13** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2025-03-17** Sent to House Taxation & Revenue Committee `introduction, referral-committee`
- **2025-03-19** DO PASS committee report adopted `committee-passage-favorable`
- **2025-03-31** Signed `executive-signature`
- **2025-03-21** passed House `passage`
- **2025-03-14** passed Senate `passage`
- **2025-03-07** DO NOT PASS, replaced with committee substitute `committee-passage`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/075d8dc8-4a73-4bf6-8a29-db57511c374b`. Confidence: reported (aggregated from official New Mexico legislature records).