Bill > SB13

This bill extends the sunset date for a gross receipts tax deduction available to health care practitioners and their associations, pushing it from July 1, 2028, to July 1, 2031. It also expands this deduction to include amounts paid by patients for coinsurance, which is a portion of a healthcare bill that the patient is responsible for after their insurance has paid its share, in addition to existing deductions for copayments and deductibles. The bill clarifies that "association of health care practitioners" includes various business entities organized by or employing healthcare providers, but excludes certain tax-exempt organizations and specific types of healthcare facilities like hospitals or nursing homes. The effective date for these changes is July 1, 2026.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=13&year=26