summary
Introduced
02/07/2025
02/07/2025
In Committee
02/26/2025
02/26/2025
Crossed Over
Passed
Dead
03/22/2025
03/22/2025
Introduced Session
Potential new amendment
2025 Regular Session
Bill Summary
AN ACT RELATING TO TAXATION; PROVIDING A GROSS RECEIPTS TAX DEDUCTION FOR THE SALE OF MEDICAL EQUIPMENT, SUPPLIES AND DRUGS; PROVIDING A GROSS RECEIPTS TAX DEDUCTION TO RECEIPTS FOR CERTAIN HEALTH CARE SERVICES, EXCEPT FOR THOSE FOR MEDICAID PATIENTS; REMOVING THE SUNSET DATE OF A GROSS RECEIPTS TAX DEDUCTION FOR RECEIPTS FROM COPAYMENTS OR DEDUCTIBLES PAID BY AN INSURED OR ENROLLEE TO A HEALTH CARE PRACTITIONER OR AN ASSOCIATION OF HEALTH CARE PRACTITIONERS; EXTENDING A GROSS RECEIPTS TAX DEDUCTION TO RECEIPTS FROM A PATIENT PAID TO A HEALTH CARE PRACTITIONER OR AN ASSOCIATION OF HEALTH CARE PRACTITIONERS FOR HEALTH CARE SERVICES THAT ARE NOT PERFORMED PURSUANT TO A CONTRACT WITH A MANAGED CARE ORGANIZATION OR HEALTH CARE INSURER; PROVIDING THAT A HEALTH CARE PROVIDER RECEIVING MEDICAID REIMBURSEMENT SHALL BE REIMBURSED FOR ALL APPLICABLE GROSS RECEIPTS TAXES THAT THE PROVIDER IS REQUIRED TO PAY.
AI Summary
This bill modifies gross receipts tax deductions for healthcare-related services and equipment in New Mexico, expanding tax relief for healthcare practitioners and providers. The legislation creates new deductions for medical services not performed under managed care contracts, allows deductions for sales of medical equipment, supplies, and drugs to healthcare practitioners, and removes previous sunset dates on certain existing tax deductions. The bill specifically permits healthcare practitioners to deduct gross receipts from services like copayments and patient payments, with the exception of services for Medicaid patients. It also ensures a broad definition of "health care practitioner" that includes numerous professional types, from physicians and nurses to therapists and clinical laboratories. Additionally, the bill mandates that when healthcare providers receive Medicaid reimbursement, they will be fully reimbursed for all applicable gross receipts taxes they are required to pay. The provisions will take effect on July 1, 2025, and require detailed reporting of these tax deductions to help evaluate their cost and effectiveness, with information to be included in the state's tax expenditure budget.
Committee Categories
Health and Social Services
Sponsors (5)
Marianna Anaya (D)*,
Nicole Chavez (R)*,
Meredith Dixon (D)*,
Day Hochman-Vigil (D)*,
Stefani Lord (R),
Last Action
House Taxation & Revenue Committee (08:30:00 3/5/2025 Room 317) (on 03/05/2025)
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=H&legtype=B&legno=344&year=25 |
| HHHC Committee Report | https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0344HC1.pdf |
| House HHHC1 HB344 231198.1 Committee Amendment | https://www.nmlegis.gov/Sessions/25%20Regular/Committee_Subs_And_Amendments/HB0344HC1%20231198.1%20.pdf |
| Fiscal Note | https://www.nmlegis.gov/Sessions/25%20Regular/firs/HB0344.PDF |
| BillText | https://www.nmlegis.gov/Sessions/25%20Regular/bills/house/HB0344.pdf |
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