Bill > SB28

This bill amends existing New Mexico law to allow for a deduction from gross receipts tax for services provided by dialysis facilities to Medicare beneficiaries, a deduction that was not previously available. Specifically, it introduces a phased-in deduction schedule: 33.33% of receipts can be deducted from July 1, 2014, to June 30, 2015; 66.67% from July 1, 2015, to June 30, 2016; and 100% after June 30, 2016. The bill also defines "dialysis facility" as an end-stage renal disease facility and requires taxpayers claiming this deduction to report it separately, while mandating the Department of Health to compile annual reports on the effectiveness and cost of such deductions, which will be presented to legislative committees starting in 2020. This change is part of a broader section of law that already allows deductions for various medical and health care services provided to Medicare beneficiaries and TRICARE program beneficiaries.