---
type: "Bill"
title: "CORPORATE INCOME TAX CHANGES"
description: "CORPORATE INCOME TAX CHANGES"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2026"
identifier: "SB 151"
citation: "New Mexico SB 151 (2026)"
classification: ["bill"]
subjects: ["BUSINESS & INDUSTRY", "TAXATION", "INCOME"]
status: "enacted"
primary_sponsors: ["Berghmans, Heather", "Figueroa, Natalie", "Parajón, Cristina", "Wirth, Peter"]
version_count: 5
action_count: 11
vote_count: 2
first_action: "2026-01-26"
last_action: "2026-03-11"
source: "openstates"
source_identifier: "ocd-bill/09792a17-77a6-456c-95d1-28d50bf372a4"
source_url: "https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=151&year=26"
source_hash: "8d2ba62f284682cd177bb2b569961f931017f832d9cd567059300af19ca75a8b"
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 151 (2026) — CORPORATE INCOME TAX CHANGES

## Version chain

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

1. **Amendments in Context** (committee substitute) — [source](https://www.nmlegis.gov/Sessions/26%20Regular/Amendments_In_Context/SB0151.pdf)
2. **CT substitute** (committee substitute) — [source](https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0151CTS.HTML)
3. **FC substitute** (committee substitute) — [source](https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0151FCS.HTML)
4. **Final Version** (committee substitute) — [source](https://www.nmlegis.gov/Sessions/26%20Regular/final/SB0151.PDF)
5. **introduced version** (committee substitute) — [source](https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0151.HTML)

## Votes

- senate passage — **24–17** (pass) · upper
- house passage — **43–19** (pass) · lower

## Sponsors

- Berghmans, Heather — primary (person)
- Figueroa, Natalie — primary (person)
- Parajón, Cristina — primary (person)
- Wirth, Peter — primary (person)

## Timeline

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

- **2026-02-18** passed House `passage`
- **2026-02-18** Senate concurred in House amendments
- **2026-02-18** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2026-01-26** Sent to Senate Committees' Committee & Senate Tax, Business and Transportation Committee & Senate Finance Committee `introduction, referral-committee`
- **2026-01-27** germane
- **2026-02-09** DO NOT PASS, replaced with committee substitute `committee-passage`
- **2026-03-11** Signed `executive-signature`
- **2026-02-14** DO NOT PASS, replaced with committee substitute `committee-passage`
- **2026-02-15** floor substitute adopted (1 amendment)
- **2026-02-15** passed Senate `passage`
- **2026-02-16** Sent to House Taxation & Revenue Committee `introduction, referral-committee`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/09792a17-77a6-456c-95d1-28d50bf372a4`. Confidence: reported (aggregated from official New Mexico legislature records).