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NM HB38

NM HB38
Rural Health Care Practitioner Tax Credit


summary

Introduced
01/18/2022
In Committee
01/25/2022
Crossed Over
Passed
Dead
02/17/2022

Introduced Session

2022 Regular Session

Bill Summary

AN ACT RELATING TO TAXATION; EXPANDING THE RURAL HEALTH CARE PRACTITIONER TAX CREDIT TO APPLY TO ALL REGISTERED NURSES, LICENSED MIDWIVES AND CHIROPRACTIC PHYSICIANS AND EMERGENCY MEDICAL SERVICES FIRST RESPONDERS AND ESSENTIAL HEALTH CARE WORKERS WHO PROVIDED ASSISTANCE DURING THE CORONAVIRUS DISEASE 2019 PANDEMIC; PROVIDING REPORTING REQUIREMENTS.

AI Summary

This bill expands the existing Rural Health Care Practitioner Tax Credit to include registered nurses, licensed midwives, chiropractic physicians, emergency medical services first responders, and essential health care workers who provided assistance during the COVID-19 pandemic. The credit, which can be claimed against state income tax liability, is up to $5,000 for eligible physicians, dentists, and other specified practitioners who provide health care services in rural underserved areas for at least 2,080 hours per year. The bill also requires the state's Taxation and Revenue Department to report annually on the effectiveness and cost of the tax credit.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (2)

Last Action

House Taxation & Revenue Committee (14:00 1/29/2022 Room 315) (on 01/29/2022)

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