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NM SB12
Bill
Status
Introduced
1/20/2026
Primary Sponsor
Katy Duhigg
Click for details
AI Summary
- Creates a $4,000 income tax credit for physicians who provide health care in New Mexico for at least 1,584 hours during a taxable year
- Eligible physicians include medical physicians (MDs) and osteopathic physicians (DOs) licensed under the Medical Practice Act
- Department of Health must certify eligibility and issue certificates to qualifying physicians, with applications processed in the order received
- Unused credit amounts may be carried forward for up to three consecutive taxable years
- Physicians who claim the rural health care practitioner tax credit remain eligible to also claim this credit; applies to taxable years beginning January 1, 2026
Legislative Description
Physician Tax Credit
Last Action
SCC: Reported by committee to fall within the purview of a 30 day session
1/21/2026
Committee Referrals
Committees1/20/2026
Full Bill Text
No bill text available