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---
type: "Bill"
title: "PASS-THROUGH ENTITY TAX CREDIT"
description: "PASS-THROUGH ENTITY TAX CREDIT"
jurisdiction: "us/states/nm"
legislature: "New Mexico Legislature"
session: "2023"
identifier: "HB 368"
citation: "New Mexico HB 368 (2023)"
classification: ["bill"]
subjects: ["TAXATION ADMINISTRATION", "TAXATION", "INCOME"]
status: "enacted"
primary_sponsors: ["Cadena, Micaela Lara", "Harper, Jason C."]
version_count: 3
action_count: 9
vote_count: 0
first_action: "2023-02-09"
last_action: "2023-04-05"
source: "openstates"
source_identifier: "ocd-bill/685f3571-446b-49be-8820-300759be6303"
source_url: "http://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=368&year=23"
source_hash: "5cae5fbf71deb47692d9017b83f1f730d0ff8cb2ce6cf26a740eac2383731dd6"
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 368 (2023) — PASS-THROUGH ENTITY TAX CREDIT
## 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/HB0368.pdf)
2. **Final Version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/23%20Regular/final/HB0368.PDF)
3. **introduced version** (committee substitute) — [source](http://www.nmlegis.gov/Sessions/23%20Regular/bills/house/HB0368.HTML)
## Sponsors
- Cadena, Micaela Lara — primary (person)
- Harper, Jason C. — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2023-02-09** Sent to House Taxation & Revenue Committee `introduction, referral-committee`
- **2023-02-17** DO PASS, as amended, committee report adopted `committee-passage-favorable`
- **2023-02-22** floor substitute adopted (1 amendment)
- **2023-02-22** passed House `passage`
- **2023-02-23** Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee `introduction, referral-committee`
- **2023-03-16** passed Senate `passage`
- **2023-03-15** DO PASS committee report adopted `committee-passage-favorable`
- **2023-03-12** DO PASS committee report adopted `committee-passage-favorable`
- **2023-04-05** Signed `executive-signature`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/685f3571-446b-49be-8820-300759be6303`. Confidence: reported (aggregated from official New Mexico legislature records).