2019 SB 499 Climate Change Compliance Tax Credits

CVNM Position:
William E. Sharer
Energy & Climate Change
Legislative Info:
SB 499 on nmlegis.gov »


SB 499 would have allowed a taxpayer who is subject to the Severance Tax Act, Oil and Gas Severance Tax Act, Oil and Gas Conservation Tax Act, Oil and Gas Emergency School Tax Act, Natural Gas Processors Tax Act or Oil and Gas Ad Valorem Production Tax to take a tax credit for costs incurred to comply with executive order 2019-003, which addressed climate change and ordered that the state will take measures to support the 2015 Paris Agreement Goals.


SB 499 died on the Senate Corporations and Transportation Committee calendar.

How Legislators Voted on SB 499

  • = 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 2019
Griggs, Ron (R) R 34 Senator 2019
Martinez, Richard C. (D) D 5 Senator E 2019
Payne, William H. (R) R 20 Senator 2019
Sedillo Lopez, Antoinette (D) D 16 Senator 2019
Sharer, William E. (R) R 1 Senator 2019
Soules, William P. (D) D 37 Senator 2019
Stefanics, Elizabeth "Liz" (D) D 39 Senator 2019
Wirth, Peter (D) D 25 Senator E 2019
Woods, Pat (R) R 7 Senator 2019