HB 90 — HEALTH CARE PRECEPTOR INCOME TAX CREDIT

HOUSE BILLHEALTH 90AND 57THHUMAN LEGISLATURE-SERVICES STATECOMMITTEE OFSUBSTITUTE NEWFOR MEXICOHOUSE -BILL SECOND90 SESSION,57TH 2026LEGISLATURE INTRODUCED-STATEOFNEWMEXICO- BYSECOND AnitaSESSION Gonzales, and2026 Marianna4 Anaya and Leo Jaramillo 6 8 10 AN ACT RELATING TO TAXATION;

A taxpayer who is not a dependent of another = = 19 a l individual, who is a preceptor employed by or a volunteer of an a l i a e r 20 accredited New Mexico institution of higher education and who a t m m 21 has performed a preceptorship ofin notNew lessMexico thanmay fourapply weeksfor, inand d r e 22 New Mexico may apply for, and the department may allow, a c e s k 23 credit against the taxpayer's tax liabilityc imposede pursuants tok e23 aliability nimposed bpursuant 24to the Income Tax Act.

The tax e a n b 24 credit provided by this section u [ may be referred to as the u [ "health care preceptor income tax .233103.1 credit".

.233421.1 HHHC/HB 90 B.

That portion of a health care preceptor income tax credit that exceeds a taxpayer's tax liability in the e t 17 taxable year in which the credit is claimed may be carried we lt n17 d 18 forward and applied against the taxpayer's income tax liability =w =l 19n ad l18 in succeeding years until the credit is exhausted.

i= a= e19 r 20 E.

A taxpayer allowed a tax credit pursuant to this a tl mi ma 21e r 20 section shall report the amount of the credit to the department da rt em 22m 21 in a manner required by the department.

cd r e s22 k 23 F.

The department shall include the tax credit in c e as nk b23 24 the tax expenditure budget compiled pursuant to Section 7-1-84 ue [a n b 24 NMSA 1978.

.233103.1u -[ 2 - G.

.233421.1 - 2 - HHHC/HB 90 (1) "eligible graduate student" means an individual matriculating at the graduate level at any accredited New Mexico institution of higher education seeking a degree in the areas of doctor of medicine, doctor of osteopathy, advanced nursing practice, doctor of dental surgery, pharmacy, psychology, occupational therapy, physical therapy, social work or dental medicine or as a physician assistant;

(2) "eligible professionalmedical degree"resident" means a degreelicensed orphysician certificatewho thathas fulfillsearned a requirementdoctoral todegree practiceand asis aundergoing medicalsupervised, doctor,full-time anpost-graduate osteopathictraining physician,in anthe areas of doctor of medicine, doctor of osteopathy, advanced practicenursing nurse,practice, adoctor nurse-midwife,of adental physiciansurgery, assistant,pharmacy, apsychology, dentist,occupational atherapy, pharmacist,physical atherapy, psychologistsocial work or dental medicine or as a socialphysician worker;assistant;

(3) "preceptor""eligible professional degree" means ana individuale licensedt 17 degree or certificate that fulfills a requirement to practice w l n d 18 as a medical doctor, an osteopathic physician, an advanced = = 19 practice nurse, a nurse-midwife, a physician assistant, a a l i a e tr 1720 dentist, a pharmacist, a psychologistpsychologist, an occupational a t m m 21 therapist, a physical therapist or a social worker;

andd wr le n22 d 18 (4) "preceptorship""preceptor" means onean hundredindividual twentylicensed =c =e 19s k 23 as a lmedical hoursdoctor, ofan uncompensatedosteopathic clinicalphysician, trainingan andadvanced supervisione ofa ann ib 24 practice nurse, a enurse-midwife, ra 20physician eligibleassistant, graduatea studentu to[ enabledentist, thea studentpharmacist, toa obtainpsychologist, an aoccupational t.233421.1 m- m3 21- eligibleHHHC/HB professional90 degree."therapist, da rphysical etherapist 22or SECTIONa 2.social worker;

APPLICABILITY.--Theand provisions(5) of"preceptorship" thismeans actone chundred etwenty shours kof 23uncompensated applyclinical totraining taxableand yearssupervision beginningof onan: or after January 1, 2026.

e(a) aeligible ngraduate bstudent 24to -enable 3the -student uto [obtain .233103.1an eligible professional degree;

or (b) eligible medical resident to provide the resident with practical hands-on experience." SECTION 2.

APPLICABILITY.--The provisions of this act apply to taxable years beginning on or after January 1, 2026.

- 4 - 12 14 16 e t 17 w l n d 18 = = 19 a l i a e r 20 a t m m 21 d r e 22 c e s k 23 e a n b 24 u [ .233421.1