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 Jaramillo/Maestas/Hamblen LAST UPDATED ORIGINAL DATE 2/24/2025 SHORT TITLE Lowrider as Official State Vehicle BILL NUMBER Senate Bill 498 ANALYST Rodriguez ESTIMATED ADDITIONAL OPERATING BUDGET IMPACT* (dollars in thousands) Agency/Program FY25 FY26 FY27 3 Year Total Cost Recurring or Nonrecurring Fund Affected No fiscal impact No fiscal impact No fiscal impact Parentheses ( ) indicate expenditure decreases. *Amounts reflect most recent analysis of this legislation. Relates to House Bill 239, Senate Bill 327, and Senate Memorial 7 Sources of Information LFC Files Agency Analysis Received From Tourism Department (NMTD) Cultural Affairs Department (DCA) Agency Analysis was Solicited but Not Received From Department of Transportation (DOT) SUMMARY Synopsis of Senate Bill 498 Senate Bill 498 (SB498) establishes the lowrider as the official vehicle of New Mexico. 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 This bill contains no appropriation and has no known fiscal impact. SIGNIFICANT ISSUES Lowriders are recognized as part of New Mexico’s culture heritage and history. The Cultural Affairs Department (DCA) has featured lowriders in state museums and historic sites, including a feature at the New Mexico Museum of Art in 2016 and an exhibit at the New Mexico History Museum in 2017. Senate Bill 498 – Page 2 CONFLICT, DUPLICATION, COMPANIONSHIP, RELATIONSHIP SB498 relates to House Bill 239, which directs DCA to conduct a feasibility study for establishing a lowrider museum in Española, New Mexico; Senate Bill 327, which enacts a new section of the motor vehicle code to create a lowrider capital of the world special registration plate; and Senate Memorial 7, which declares February 11, 2025, as “Lowrider Day”. JR/rl