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New Mexico SenateSB 151

Corporate Income Tax Changes

Passed 24–17Party-line

What it does: On the version voted Feb 18, 2026: Decouples corporate income tax from three 2025 federal provisions from 2027, creates credits for local news organizations, local news printers and physicians, adds a gross receipts deduction for affordable multifamily housing construction, extends the high-wage jobs credit, and funds a 1 percent pay raise. (AI-written summary of the bill; the official record shows the exact version voted)

Question before the chamber: SENATE FINANCE COMMITTEE SUBSTITUTE FOR SENATE TAX, BUSINESS & TRANSPORTATION COMMITTEE SUBSTITUTE FOR SENATE BILL 151, AS AMENDED

Read the official record ↗

The tally

Yes 24 · No 17 · Not voting 1

Bar: green = yes, brown = no, striped = not voting.

Votes by party
PartyYesNoNot voting
Democrats2420
Republicans0151

Most Democrats voted yes; most Republicans voted no. 2 members voted against their party’s majority.

Voted against their party’s majority

The full roll (42)

“Not voting” is a recorded non-vote, not a reason for the absence. Parties come from public rosters; how we count.