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SB 23 - Increases Top Oil And Gas Royalty Rates On State Lands - New Mexico Key Vote

Timeline

Became Law Without Governor's Signature
April 10, 2025
House Bill Passed
March 20, 2025
Senate Bill Passed
Feb. 22, 2025
Introduced
Jan. 21, 2025

Related Issues

Stage Details

Legislation - Became Law Without Governor's Signature (Executive) - April 10, 2025

Title: Increases Top Oil And Gas Royalty Rates On State Lands

Legislation - Bill Passed (House) (37-31) - March 20, 2025

See How Your Politicians Voted

Title: Increases Top Oil And Gas Royalty Rates On State Lands

Vote Smart's Synopsis:

Vote to pass a bill that increases top oil and gas royalty rates on state land in New Mexico.

Highlights:

Increase the top oil and gas royalty rate on New Mexico state lands from 20 to 25% (Sec. 1-2).
Specifies that the provisions of this bill shall take effect beginning July 1, 2025 (Sec. 3).

Legislation - Bill Passed (Senate) (22-15) - Feb. 22, 2025

See How Your Politicians Voted

Title: Increases Top Oil And Gas Royalty Rates On State Lands

Vote Smart's Synopsis:

Vote to pass a bill that increases top oil and gas royalty rates on state land in New Mexico.

Highlights:

Increase the top oil and gas royalty rate on New Mexico state lands from 20 to 25% (Sec. 1-2).
Specifies that the provisions of this bill shall take effect beginning July 1, 2025 (Sec. 3).

Legislation - Introduced (Senate) - Jan. 21, 2025

Title: Increases Top Oil And Gas Royalty Rates On State Lands