Bill > HB90

This bill establishes a new "health care preceptor income tax credit" for individuals in New Mexico who are not dependents and who serve as a preceptor, meaning a licensed medical professional like a doctor, nurse, dentist, or pharmacist, for at least four weeks in the state. This preceptorship involves providing 120 hours of uncompensated clinical training and supervision to an eligible graduate student pursuing a degree in a health-related field at an accredited New Mexico institution of higher education. The credit is capped at $1,000 per year and can be carried forward to future tax years if it exceeds the taxpayer's liability. To claim the credit, taxpayers must apply to the department with certification from the institution, and the credit will be included in the state's tax expenditure budget. This provision will apply to tax years beginning on or after January 1, 2026.

Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=90&year=26