Bill > HB212

This bill amends existing New Mexico law to allow for a deduction from gross receipts tax for certain health services provided to beneficiaries of federal programs, specifically adding a new provision for payments received from the federal Energy Employees Occupational Illness Compensation Program Act of 2000. This new deduction, which applies to medical and other health and palliative services provided by home health agencies, will be phased in gradually, with 25% deductible from July 1, 2017, to June 30, 2018, increasing to 50% for the following year, 75% for the year after that, and 100% deductible after June 30, 2020, until July 1, 2026. The bill also makes minor adjustments to existing language and clarifies that the new deduction is effective July 1, 2017.