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Bill > HB45


NM HB45

NM HB45
Change Rural Health Practitioner Tax Credit


summary

Introduced
01/19/2021
In Committee
01/28/2021
Crossed Over
Passed
Dead
03/20/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO TAXATION; ADDING PHARMACISTS, SOCIAL WORKERS AND CERTAIN BEHAVIORAL HEALTH THERAPISTS TO THE RURAL HEALTH CARE PRACTITIONER TAX CREDIT.

AI Summary

This bill expands the existing Rural Health Care Practitioner Tax Credit to include additional healthcare professionals, such as pharmacists, social workers, and certain behavioral health therapists. The credit, which can be claimed against the state's income tax, is available to eligible healthcare practitioners who provide services in medically underserved rural areas of New Mexico for at least 2,080 hours per taxable year. The bill also allows for a partial credit for those who work between 1,040 and 2,080 hours in these areas. The provisions of this bill apply to taxable years beginning on or after January 1, 2021.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (1)

Last Action

House Consumer and Public Affairs Committee (09:00 2/1/2021 Room Zoom) (on 02/01/2021)

bill text


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