Senate Bill 403 (Hotel Renovation Tax Credit)

The 2023 New Mexico State Legislative Session started on January 17 and runs through March 18, 2023. The New Mexico Hospitality Association (NMHA) is supporting SB403 (Hotel Renovation Tax Credit). The bill provides qualifying properties (at least 15 guest rooms/suites) tax credit for the restoration, renovation, and rehabilitation of at least 40% of the hotel guest rooms/suites. This will allow properties to invest in upgrades to further enhance the hospitality landscape across the state.

To show support, click here to email the appropriate legislators.