2017 SB 432 Renewable Energy Tax Credit Changes

CVNM Position:
Clemente Sanchez
Energy & Climate Change
Legislative Info:
SB 432 on nmlegis.gov »


This bill would have increased the amount of electricity that can be produced subject to the renewable energy tax credit, extended the date by which electricity must be generated to quality for the credit and included geothermal as a qualified energy source. It also would have decreased the amount of credit per kilowatt hour for certain tax years and limited the period for which the credit may be claimed to ten years. This was a utility focused tax credit, aimed at benefitting larger, production scale renewable energy projects.


SB 432 died in the Senate Corporations and Transportation Committee.

How Legislators Voted on SB 432

  • = Pro Conservation Vote
  • = Anti Conservation Vote
  • A = Absent
  • E = Excused
  • R = Recused
  • W = Abstain
Legislator Party District Office Conservation
Cervantes, Joseph (D) D 31 Senator 2017
Griggs, Ron (R) R 34 Senator 2017
Martinez, Richard C. (D) D 5 Senator 2017
McSorley, Cisco (D) D 16 Senator 2017
Payne, William H. (R) R 20 Senator 2017
Sanchez, Clemente (D) D 30 Senator 2017
Soules, William P. (D) D 37 Senator 2017
Stefanics, Elizabeth "Liz" (D) D 39 Senator 2017
Wirth, Peter (D) D 25 Senator 2017
Woods, Pat (R) R 7 Senator E 2017