HEALTH CARE GROSS RECEIPTS DEDUCTION

Summary

The bill changes New Mexico’s gross receipts tax law so health‑care practitioners and their business entities can deduct payments they receive from managed‑care contracts, including coinsurance, copayments and deductibles, from their taxable income. It does not apply to traditional fee‑for‑service payments. The goal is to lower the tax burden on providers who serve patients through managed‑care plans.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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