New Mexico offers a variety of benefits to veterans, including financial exemptions, educational scholarships, employment opportunities, housing assistance, and recreational privileges. Here’s a summary of key benefits:
Housing Benefits
- Veterans Homes: Located in Truth or Consequences, offering services to honorably discharged veterans, their spouses, and providing preference to New Mexico residents.
Financial Benefits
- Income Tax Exemptions: Active duty military pay is exempt from state taxes, and a portion of military retirement pay is tax-exempt up to $30,000 per year.
- Property Tax Exemptions: Disabled veterans rated 100% service-connected by the VA may qualify for a complete waiver on property tax for their primary residence.
- Vehicle Registration Fees and Excise Tax Exemptions: Qualifying veterans can receive reduced vehicle registration fees and exemptions from excise taxes on vehicle purchases.
Educational Benefits
- Tuition Assistance: Various scholarships are available, including for Vietnam veterans, wartime veterans, and children of deceased veterans, offering tuition waivers and financial assistance for education at state-supported colleges.
- In-State Tuition: Qualifying veterans, spouses, and dependents are eligible for in-state tuition rates without having to wait to establish residency.
Employment Benefits
- State Job Hiring Preference: Veterans receive a 5-point preference, and those with a service-connected disability receive a 10-point preference for state jobs.
- Business Tax Credit: New Mexico offers a tax credit for businesses hiring recently returned veterans.
Recreational Benefits
- State Park & Museum Admission: Veterans with a 50% or higher service-connected disability rating can receive a free day-use pass and camping benefits. All veterans receive free admission to state parks and museums on Veterans Day.
- Hunting & Fishing Licenses: Disabled veterans can qualify for free or reduced-fee hunting and fishing licenses.
Additional Support
- Veteran Cemeteries: New Mexico operates three state veterans cemeteries, open to honorably discharged veterans and their spouses.
- License Plates: Special military license plates are available, including for recipients of specific medals, Purple Heart awardees, and disabled veterans.