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SB 393

GAMING TAX EXEMPTION IN DISASTER AREA

2025 Regular Session Introduced by Pete Campos and 2 co-sponsors

New Mexico bill exempts gaming operations from state taxes in disaster-declared areas to support economic recovery, but risks reducing state revenue when affected communities need increased public services.

action postponed indefinitely
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WeVote Research Nonpartisan
Bill Summary · SB 393

Legislative bill overview

SB 393 would exempt gaming operations from state taxation in designated disaster areas of New Mexico. The bill aims to provide tax relief to tribal gaming enterprises and other gaming establishments operating in regions affected by declared disasters, presumably to support economic recovery in those communities.

Why is this important

Gaming operations are significant revenue generators and employers in New Mexico, particularly on tribal lands. Tax exemptions in disaster areas could either accelerate economic recovery by preserving business liquidity, or reduce state revenue during periods when disaster-affected communities may need increased public services and infrastructure investment.

Potential points of contention

  • State revenue impact: Gaming taxes fund education, infrastructure, and disaster relief programs; exemptions reduce available funds during recovery periods when demand for services typically increases
  • Scope and duration ambiguity: The bill's definition of "disaster area," exemption duration, and which gaming entities qualify are critical details that could significantly affect fiscal impact and fairness
  • Equity concerns: Tax relief benefits may disproportionately favor large gaming operations over other businesses affected by disasters, or conversely, may primarily benefit tribal enterprises seeking special exemptions

Compiled from official sources — confirm details with the bill’s official record.

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