NM SB13

Extends the sunset date for the gross receipts tax deduction on copayments and deductibles paid to health care practitioners from July 1, 2028 to July 1, 2031

Expands the deduction to explicitly include coinsurance payments in addition to copayments and deductibles paid by patients for commercial contract services

Modifies the definition of "copayment" or "coinsurance" from "a fixed dollar amount" to simply "an amount," broadening the types of patient cost-sharing eligible for the deduction

Applies to health care practitioners and associations of health care practitioners receiving payments from patients under commercial health insurance or managed care plans (excludes Medicare and Medicaid services)

Effective date is July 1, 2026