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Vol. 2026 · Bill Detail · Special Edition

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Wednesday, September 2, 2026

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NM · HB232INTRO · 3 COSPONSORS

Gun Storage Tax Credit

Where it is in the process
Plain-English Summary

This bill creates a new, one-time income tax credit in New Mexico for people who buy secure gun storage. Taxpayers can receive a credit for the full price of the storage, up to $1,000, for purchases made between July 1, 2026, and January 1, 2029. The state will issue a total of $500,000 in credits each year, and any credit amount that exceeds a taxpayer's tax liability will be refunded.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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