New Mexico 2025 Regular Session

New Mexico Senate Bill SJR10 Compare Versions

Only one version of the bill is available at this time.

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28	28	SENATE JOINT RESOLUTION 10
29	29	57TH LEGISLATURE - STATE OF NEW MEXICO - FIRST SESSION, 2025
30	30	INTRODUCED BY
31	31	Jay C. Block
32	32	A JOINT RESOLUTION
33	33	PROPOSING TO AMEND ARTICLE 8, SECTION 5 OF THE CONSTITUTION OF
34	34	NEW MEXICO TO PROVIDE A FIFTY PERCENT PROPERTY TAX EXEMPTION
35	35	FOR ACTIVE EMERGENCY FIRST RESPONDERS OR RETIRED EMERGENCY
36	36	FIRST RESPONDERS WHO HAVE EARNED AN AMOUNT OF PENSION EQUAL TO
37	37	ONE HUNDRED PERCENT OF THE RETIREE'S FINAL AVERAGE SALARY AS AN
38	38	EMERGENCY FIRST RESPONDER IF THE ACTIVE OR RETIRED EMERGENCY
39	39	FIRST RESPONDER OCCUPIES THE PROPERTY AS THE PERSON'S PRIMARY
40	40	RESIDENCE.
41	41	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
42	42	SECTION 1. It is proposed to amend Article 8, Section 5
43	43	of the constitution of New Mexico to read:
44	44	"A. The legislature shall exempt from taxation the
45	45	property of each head of the family in the amount of two
46	46	thousand dollars ($2,000).
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74	74	B. The legislature shall exempt from taxation the
75	75	property, including the community or joint property of married
76	76	individuals, of every honorably discharged member of the armed
77	77	forces of the United States and the [widow or widower ]
78	78	surviving spouse of every such honorably discharged member of
79	79	the armed forces of the United States, in the sum of:
80	80	(1) in 2006 and in each year through 2023,
81	81	four thousand dollars ($4,000);
82	82	(2) in 2024, ten thousand dollars ($10,000);
83	83	and
84	84	(3) in 2025 and each subsequent year, the
85	85	amount provided in Paragraph (2) of this subsection, adjusted
86	86	for inflation.
87	87	[C. In every case where exemption is claimed on the
88	88	ground of the claimant's having served with the armed forces of
89	89	the United States pursuant to Subsection B of this section, the
90	90	burden of proving actual and bona fide ownership of such
91	91	property upon which exemption is claimed shall be upon the
92	92	claimant.]
93	93	C. The legislature shall exempt from taxation fifty
94	94	percent of the value of property of each certified emergency
95	95	first responder, as provided by law, who:
96	96	(1) is active, full-time and certified and has
97	97	worked as an emergency first responder for at least one year
98	98	since successfully completing any probationary period required
99	99	.230019.1
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127	127	by a local government; or
128	128	(2) is retired and has earned an amount of
129	129	pension equal to one hundred percent of the person's final
130	130	average salary as an emergency first responder calculated in
131	131	accordance with the provisions of the applicable public
132	132	employees retirement system retirement plan, as provided by
133	133	law; and
134	134	(3) occupies the property as the primary
135	135	residence of the first responder.
136	136	D. The burden of proving eligibility for an
137	137	exemption provided by this section is on the person claiming
138	138	the exemption."
139	139	SECTION 2. The amendment proposed by this resolution
140	140	shall be submitted to the people for their approval or
141	141	rejection at the next general election or at any special
142	142	election prior to that date that may be called for that
143	143	purpose.
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