NM HB249

Creates a new income tax credit for health care practitioners who pay for electronic medical records systems, with a maximum credit of $6,000 per taxable year

Applies to taxable years from January 1, 2026 through December 31, 2030, requiring practitioners to work at least 1,584 hours annually and be employed at health care institutions with 10 or fewer practitioners

Eligible practitioners include physicians, nurses, midwives, pharmacists, psychologists, social workers, mental health counselors, and physical therapists

Taxpayers who claim the rural health care practitioner tax credit are ineligible for this credit, and unused credit amounts cannot be refunded or carried forward to future years

Requires certification of eligibility from the Department of Health, with only one credit allowed per taxpayer per taxable year per electronic medical records system