summary
Introduced
01/20/2022
01/20/2022
In Committee
02/14/2022
02/14/2022
Crossed Over
02/05/2022
02/05/2022
Passed
02/15/2022
02/15/2022
Dead
Signed/Enacted/Adopted
03/08/2022
03/08/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; PROVIDING THAT RECEIPTS FROM PAYMENTS OF A MEDICARE ADMINISTRATIVE CONTRACTOR BE ELIGIBLE FOR A GROSS RECEIPTS TAX DEDUCTION FOR CERTAIN MEDICAL AND HEALTH CARE SERVICES.
AI Summary
This bill amends the existing law to provide a gross receipts tax deduction for certain medical and health care services. Specifically, it allows deductions for receipts from payments made by the U.S. government, its agencies, or Medicare administrative contractors to health care practitioners, associations of health care practitioners, hospices, nursing homes, clinical laboratories, home health agencies, and dialysis facilities for services provided to Medicare beneficiaries. The bill also requires the tax department to compile and report annually on the deductions claimed and their effectiveness. The bill takes effect on July 1, 2022.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (4)
Last Action
Signed by Governor - Chapter 43 - Mar. 8 (on 03/08/2022)
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/Legislation/Legislation?chamber=S&legtype=B&legno=138&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/final/SB0138.pdf |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/senate/SB0138.pdf |
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