# New Mexico HB 368: HIGH WAGE JOBS TAX CREDIT "THRESHOLD JOB"

New Mexico HB 368, HIGH WAGE JOBS TAX CREDIT "THRESHOLD JOB", is a 2025 Regular Session House bill sponsored by Joshua N. Hernandez (Republican); status signed, last action 2025-04-08 (Signed by Governor - Chapter 107 - Apr. 8) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/NM-HB368-2025
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Mexico HB 368
- State: New Mexico
- Session: 2025 Regular Session
- Title: HIGH WAGE JOBS TAX CREDIT "THRESHOLD JOB"
- Status: signed
- Chamber: House
- Introduced: 2025-02-11
- Last action: 2025-04-08, Signed by Governor - Chapter 107 - Apr. 8
- Sponsor: Joshua N. Hernandez (Republican)
- Cosponsors: 2
- Touches household money: no
- Roll calls: 2 (103 yes, 0 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Stricter job-count rules for employer tax credits: cost, medium. New Mexico employers must meet job-count tests at each location to claim the high-wage jobs tax credit. At the first 12-month period’s end, the location needs at least one more qualifying job than before the new job began. Later periods must keep at least that first-period ending count. Counted job…

## Sponsors and cosponsors

- Sponsor: Joshua N. Hernandez (Republican), House
- Cosponsor: Gail Armstrong (Republican), House
- Cosponsor: Meredith A. Dixon (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-03-18 | Senate | Final Senate Vote | pass | 38 | 0 |   |
| 2025-03-11 | House | Final House Vote | pass | 65 | 0 |   |

## Actions (8)

- 2025-04-08: Signed by Governor - Chapter 107 - Apr. 8 (Senate)
- 2025-03-18: Passed in the Senate - Y:38 N:0 (Senate)
- 2025-03-16: STBTC: Reported by committee with Do Pass recommendation (Senate)
- 2025-03-12: Sent to STBTC - Referrals: STBTC (Senate)
- 2025-03-11: Passed in the House of Representatives - Y:65 N:0 (House)
- 2025-03-05: HTRC: Reported by committee with Do Pass recommendation (House)
- 2025-02-27: HCEDC: Reported by committee with Do Pass recommendation (House)
- 2025-02-11: Sent to HCEDC - Referrals: HCEDC/HTRC (Senate)

## Bill text

- Final Version, 2025-04-09: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/final/HB0368.pdf)
- STBTC Committee Report 3/16/25, 2025-03-16: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0368CT1.pdf)
- HTRC Committee Report 3/05/25, 2025-03-05: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0368TR1.pdf)
- HCEDC Committee Report 2/27/25, 2025-02-27: [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0368CE1.pdf)
- Introduced, 2025-02-11: [HTML](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0368.html), [PDF](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0368.pdf)

## Related bills

- HB 2: GENERAL APPROPRIATION ACT OF 2025 (signed)
- SB 45: COUNTY HEALTH CARE ASSISTANCE FUND USE (signed)
- SB 343: TEACHER SALARY RATES CHANGES (signed)
- SB 345: TEACHER & INSTRUCTIONAL SUPPORT LICENSURE (signed)
- SB 133: EDUCATIONAL RETIREES RETURNING TO WORK (signed)
- HB 157: NEW SCHOOL LICENSES (signed)

## Sources
- [Final Version (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/final/HB0368.pdf)
- [STBTC Committee Report 3/16/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0368CT1.pdf)
- [HTRC Committee Report 3/05/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0368TR1.pdf)
- [HCEDC Committee Report 2/27/25 (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0368CE1.pdf)
- [Introduced (HTML)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0368.html)
- [Introduced (PDF)](https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0368.pdf)

## Related
- [HB 2: GENERAL APPROPRIATION ACT OF 2025](https://policyrisk.com/state-bill/NM-HB2-2025)
- [SB 45: COUNTY HEALTH CARE ASSISTANCE FUND USE](https://policyrisk.com/state-bill/NM-SB45-2025)
- [SB 343: TEACHER SALARY RATES CHANGES](https://policyrisk.com/state-bill/NM-SB343-2025)
- [SB 345: TEACHER & INSTRUCTIONAL SUPPORT LICENSURE](https://policyrisk.com/state-bill/NM-SB345-2025)
- [SB 133: EDUCATIONAL RETIREES RETURNING TO WORK](https://policyrisk.com/state-bill/NM-SB133-2025)
- [HB 157: NEW SCHOOL LICENSES](https://policyrisk.com/state-bill/NM-HB157-2025)
- [New Mexico bills](https://policyrisk.com/states/new-mexico/bills)
- [New Mexico state hub](https://policyrisk.com/states/new-mexico)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/NM-HB368-2025 (as of 2026-10-19).