NM SB133

Creates a gross receipts tax deduction for sales of in-office medical equipment and non-prescription medications (like saline) to health care practitioners and their associations when used for patient treatment within their scope of practice

Covers a broad range of licensed health care practitioners including physicians, dentists, nurses, chiropractors, optometrists, psychologists, physical therapists, midwives, and naturopathic doctors, among others

Excludes 501(c)(3) organizations, health maintenance organizations, hospitals, hospices, nursing homes, and outpatient/intermediate care facilities from eligibility

Requires state distributions to municipalities and counties to hold them harmless from lost local option gross receipts tax revenue resulting from the deductions

Effective date: July 1, 2026