The bill prohibits political subdivisions in New Mexico from imposing minimum parking mandates for residential, commercial, or industrial properties. A "minimum parking mandate" is defined as any law, rule, or ordinance that requires a specific minimum number of off-street vehicle parking spaces. This legislation aims to provide greater flexibility for property development and reduce unnecessary parking requirements.

However, the bill includes an exception that allows political subdivisions to establish minimum parking mandates specifically for accessible parking spaces. This ensures that while general parking mandates are prohibited, the need for accessible parking is still recognized and can be legislated to meet the requirements of individuals with disabilities.