summary
Introduced
01/24/2019
01/24/2019
In Committee
03/07/2019
03/07/2019
Crossed Over
Passed
Dead
03/16/2019
03/16/2019
Introduced Session
2019 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; EXPANDING A GROSS RECEIPTS TAX DEDUCTION FOR HEALTH CARE PRACTITIONERS TO ALLOW RECEIPTS FOR THE PAYMENT OF COPAYMENTS AND DEDUCTIBLES TO BE DEDUCTED; AMENDING DEFINITIONS APPLICABLE TO THAT DEDUCTION.
AI Summary
This bill expands an existing gross receipts tax deduction for health care practitioners to allow them to deduct receipts from copayments and deductibles paid by insured or enrolled patients. The deduction is phased in, starting at 33.33% in 2019-2020, increasing to 66.67% in 2020-2021, and reaching 100% in 2021 and beyond. The bill also requires the Department of Taxation to report annually on the use and cost of this deduction.
Committee Categories
Health and Social Services
Sponsors (5)
William Pratt (D)*,
Jim Trujillo (D)*,
Deborah Armstrong (D),
Joanne Ferrary (D),
Susan Herrera (D),
Last Action
Action Postponed Indefinitely (on 03/07/2019)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=345&year=19 |
| BillText | https://www.nmlegis.gov/Sessions/19%20Regular/bills/house/HB0345.pdf |
| BillText | http://www.nmlegis.gov/Sessions/19%20Regular/bills/house/HB0345.pdf |
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