The bill amends the existing Rural Health Care Practitioner Tax Credit in New Mexico to expand eligibility to include licensed respiratory care practitioners and polysomnographic technologists. Specifically, it adds these two professions to the list of eligible health care practitioners who can claim a tax credit for providing health care services in rural underserved areas. The credit amount remains the same, with a maximum of $5,000 for certain health care providers and $3,000 for others, including the newly added practitioners.

Additionally, the bill outlines the process for eligible practitioners to apply for the tax credit, requiring them to submit an application to the Department of Health, which will determine eligibility and issue certificates. The provisions of this act will take effect for taxable years beginning on or after January 1, 2025. This expansion aims to incentivize more health care professionals to serve in rural areas, addressing the shortage of health care services in those regions.

Statutes affected:
introduced version: 7-2-18.22