Bill > SB173

This bill creates the Health Care Preceptor Income Tax Credit, which allows taxpayers who are preceptors employed by accredited New Mexico institutions of higher education and have performed a preceptorship (an uncompensated period of supervised clinical training) of at least four weeks in New Mexico to claim a tax credit of up to $1,000 for up to five preceptorships per taxable year. The credit can be carried forward if it exceeds the taxpayer's tax liability. The bill defines key terms such as "eligible graduate student," "eligible professional degree," and "preceptor." The Department of Taxation is required to compile an annual report on the effectiveness and cost of the tax credit.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=173&year=22