Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance
committees of the Legislature. LFC does not assume responsibility for the accuracy of these reports if they
are used for other purposes.
F I S C A L I M P A C T R E P O R T
SPONSOR Hamblen/Brantley
LAST UPDATED
ORIGINAL DATE 2/26/2025
SHORT TITLE
400
th
Anniversary of Winemaking in
America
BILL
NUMBER Senate Bill 369
ANALYST Jorgensen
APPROPRIATION*
(dollars in thousands)
FY25 FY26
Recurring or
Nonrecurring
Fund
Affected
$3,000.0 Nonrecurring General Fund
Parentheses ( ) indicate expenditure decreases.
*Amounts reflect most recent analysis of this legislation.
Sources of Information
LFC Files
Agency Analysis Received From
New Mexico Department of Agriculture (NMDA)
SUMMARY
Synopsis of Senate Bill 369
Senate Bill 369 (SB369) appropriates $3 million from the general fund to the New Mexico
Department of Agriculture (NMDA) to develop projects, programs, promotions and educational
and civic events to recognize the history of winemaking from FY26 through FY28.
This bill does not contain an effective date and, as a result, would go into effect 90 days after the
Legislature adjourns if enacted, or June 20, 2025.
FISCAL IMPLICATIONS
The appropriation of $3 million contained in this bill is a nonrecurring expense to the general
fund. Although this bill does not specify future appropriations, multiyear appropriations create an
expectation the program will continue in future fiscal years; therefore, this cost could become
recurring after the funding period. NMDA would administer the program within the
department’s existing budget.
Senate Bill 369 – Page 2
SIGNIFICANT ISSUES
NMDA reports:
Today, New Mexico has more than 57 wineries operating throughout the state. According
to the 2022 New Mexico economic impact study published by Wine America, the total
economic impact of the wine industry was $1.12 billion with a total tax benefit exceeding
$116 million.
In 2022, New Mexico lawmakers recognized the historical significance of the vine and
wine industry and its importance to the state’s economy, and enacted legislation that
allocated $1 million dollars to support vine plantings in the state.
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