Bill > HB52

This bill expands the Rural Health Care Practitioner Tax Credit by adding several new types of health care professionals to the list of eligible practitioners who can receive tax credits for working in rural health care underserved areas. The bill specifically adds licensed practical nurses, emergency medical technicians, paramedics, speech-language pathologists, occupational therapists, and chiropractic physicians to the group of health care professionals who can claim the tax credit. The tax credit amounts remain the same: up to $5,000 for physicians, dentists, and other primary care practitioners who work at least 1,584 hours in a rural underserved area, and up to $3,000 for other health care professionals meeting the same hour requirement. Practitioners working between 792 and 1,584 hours can claim half the tax credit amount. To receive the credit, practitioners must submit an application to the Department of Health, which will verify their eligibility and issue a certificate. The tax credit can be carried forward for up to three consecutive years if the claimed amount exceeds the taxpayer's current tax liability, and the state will compile an annual report tracking the credit's usage and impact.

Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=52&year=25