---
type: "Bill"
title: "EXTEND PROPERTY TAX EXEMPTION PERIOD"
description: "EXTEND PROPERTY TAX EXEMPTION PERIOD"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2026"
identifier: "SB 58"
citation: "New Mexico SB 58 (2026)"
classification: ["bill"]
subjects: ["PROPERTY (conservancy districts", "land grants", "real estate)", "TAXATION", "PROPERTY"]
status: "enacted"
primary_sponsors: ["Berghmans, Heather", "Nava, Cindy", "Parajón, Cristina", "Tobiassen, Nicole"]
version_count: 3
action_count: 10
vote_count: 2
first_action: "2026-01-21"
last_action: "2026-03-05"
source: "openstates"
source_identifier: "ocd-bill/5d50c728-e94d-442f-b689-a31fca36d33c"
source_url: "https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=58&year=26"
source_hash: "ff7ceca6ef013590670fd418577c28e549fe8068954a6668d3f9f68835682257"
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 58 (2026) — EXTEND PROPERTY TAX EXEMPTION PERIOD

## 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/SB0058.pdf)
2. **Final Version** (committee substitute) — [source](https://www.nmlegis.gov/Sessions/26%20Regular/final/SB0058.PDF)
3. **introduced version** (committee substitute) — [source](https://www.nmlegis.gov/Sessions/26%20Regular/bills/senate/SB0058.HTML)

## Votes

- house passage — **66–0** (pass) · lower
- senate passage — **27–8** (pass) · upper

## Sponsors

- Berghmans, Heather — primary (person)
- Nava, Cindy — primary (person)
- Parajón, Cristina — primary (person)
- Tobiassen, Nicole — primary (person)

## Timeline

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

- **2026-01-21** Sent to Senate Committees' Committee & Senate Tax, Business and Transportation Committee & Senate Finance Committee `introduction, referral-committee`
- **2026-01-22** germane
- **2026-02-06** Sent to House Commerce & Economic Development Committee & House Taxation & Revenue Committee `introduction, referral-committee`
- **2026-02-04** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2026-01-28** DO PASS committee report adopted `committee-passage-favorable`
- **2026-03-05** Signed `executive-signature`
- **2026-02-16** passed House `passage`
- **2026-02-05** passed Senate `passage`
- **2026-02-10** DO PASS committee report adopted `committee-passage-favorable`
- **2026-02-13** DO PASS 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/5d50c728-e94d-442f-b689-a31fca36d33c`. Confidence: reported (aggregated from official New Mexico legislature records).