Sat Mar 8 5:03PM - 13 days, 17 hours left in session
| Sponsors | ||
|---|---|---|
| Sen. Nicole Tobiassen | 21 | Bernalillo |
| Sen. Pat Woods | 7 | Curry, Harding, Quay & Union |
| Sen. Jay C. Block | 12 | Bernalillo & Sandoval |
| Sen. David M. Gallegos | 41 | Eddy & Lea |
| Status | |||
|---|---|---|---|
| STBTC ❓ | Was scheduled for Feb 25. No vote recorded. Presumed stalled. | ||
| SFC | |||
This is the official nmlegis action history. I'm doing my best to translate the LONG/WEIRD-STRING to something less gibberishy. And before you ask, no, the "Legis Day" number has no mapping to the real world.
Actions: [4] STBTC/SFC-STBTC
| Legis Day | Action | Details |
|---|---|---|
| 4 | referred | STBTC/SFC |
| 4 | sent | STBTC |
This table shows bill actions detected on Ed's system, using heuristics that may not be 100% accurate and which may not reflect the "official" nmlegis chronology. It is probably more than you care to know.
| Feb 6 | filed: [Prefiled by Nicole Tobiassen et al; not yet on nmlegis] |
| [new] | |
| sent to STBTC | |
| title: '[prefiled by Nicole Tobiassen Et Al; Not Yet on Nmlegis]' -> '10-Year Exempt Health Practitioners From Tax' | |
| actions: 'SPREF' -> '[4] STBTC/SFC-STBTC' | |
| new sponsor: Nicole Tobiassen | |
| new sponsor: Pat Woods | |
| new sponsor: Jay C. Block | |
| new sponsor: David M. Gallegos | |
| Feb 24 | scheduled for STBTC on Tue Feb 25, 13:30 |
SENATE BILL 298
57th legislature - STATE OF NEW MEXICO - first session, 2025
INTRODUCED BY
Nicole Tobiassen and Pat Woods and Jay C. Block
and David M. Gallegos
AN ACT
RELATING TO TAXATION; EXEMPTING HEALTH CARE PRACTITIONERS FROM INCOME TAX FOR TEN YEARS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. A new section of the Income Tax Act is enacted to read:
"[NEW MATERIAL] EXEMPTION--HEALTH CARE PRACTITIONERS.--
A. For taxable years ending prior to January 1, 2035, a resident who is a health care practitioner and practices full-time in New Mexico is exempt from income tax on income derived from providing health care in New Mexico within the scope of the health care practitioner's practice.
B. The credit provided by this section shall be included in the tax expenditure budget pursuant to Section 7-1-84 NMSA 1978, including the annual aggregate cost of the credit.
C. As used in this section, "health care practitioner" means:
(1) a chiropractic physician licensed pursuant to the provisions of the Chiropractic Physician Practice Act;
(2) a dentist or dental hygienist licensed pursuant to the Dental Health Care Act;
(3) a doctor of oriental medicine licensed pursuant to the provisions of the Acupuncture and Oriental Medicine Practice Act;
(4) an optometrist licensed pursuant to the provisions of the Optometry Act;
(5) an osteopathic physician licensed pursuant to the provisions of the Medical Practice Act;
(6) a physical therapist licensed pursuant to the provisions of the Physical Therapy Act;
(7) a physician or physician assistant licensed pursuant to the provisions of the Medical Practice Act;
(8) a podiatric physician licensed pursuant to the provisions of the Podiatry Act; and
(9) a psychologist licensed pursuant to the provisions of the Professional Psychologist Act."
SECTION 2. APPLICABILITY.--The provisions of this act apply to taxable years beginning on or after January 1, 2025.