Bill > HB32

This bill amends existing New Mexico law to allow for a phased-in deduction from gross receipts tax for payments received by dialysis facilities for services provided to Medicare beneficiaries. Specifically, it allows a deduction of one-third of these receipts from July 1, 2014, to June 30, 2015, two-thirds from July 1, 2015, to June 30, 2016, and the full amount after June 30, 2016. The bill also includes definitions for various medical and health care professionals and facilities, clarifying terms like "dialysis facility" and "medicare beneficiaries," which refers to individuals covered under Title 18 of the federal Social Security Act. This change is intended to provide tax relief to dialysis facilities that serve individuals covered by Medicare.