Senate Joint Memorial 4 requests that the Governor of New Mexico submit an advance election to participate in the federal education freedom tax credit program, which was established on July 4, 2025. This program allows taxpayers to claim up to $1,700 in tax credits for donations to nonprofit scholarship granting organizations that provide scholarships to K-12 students, particularly benefiting low-income families and students with special needs. The memorial emphasizes the importance of this initiative in expanding educational opportunities without imposing new costs on the state budget or regulatory burdens, while also highlighting the risk of losing charitable contributions to other states if New Mexico does not opt in.

The resolution underscores the bipartisan support for the program, noting that governors from various political backgrounds, including those in neighboring states, recognize its potential to enhance educational equity. It cites national polling data indicating strong public support for the program, particularly among families with school-age children. The memorial concludes by urging the Governor to act swiftly to participate in the program, thereby affirming New Mexico's commitment to supporting vulnerable families and improving access to quality education. A copy of the memorial is to be transmitted to the Governor for consideration.