HB 344 New Mexico House · 2025 Regular Session

HEALTHCARE EQUIPMENT GROSS RECEIPTS

HB 344 (New Mexico, 2025) provides tax deductions for healthcare providers on specific revenue streams. It allows deductions for sales of medical equipment/supplies/drugs, certain non-Medicaid patient payments (including copayments and services not tied to insurance contracts), and removes an expiration date for existing deductions. The bill also requires Medicaid providers to be reimbursed for taxes paid on their Medicaid reimbursements. These changes apply to licensed healthcare practitioners (like doctors, nurses, and therapists) who provide services within their scope of practice, as defined in the bill.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 7, 2025 Last action Jun 3, 2025

Maddy AI version diff · 1 comparison

What changed between versions

introduced version → HC substitute · 6 edits

MODERATE

This bill amends New Mexico's Gross Receipts Tax Act to extend and clarify tax deductions for health care providers. It removes sunset dates on existing deductions, adds new deductions for patient copayments and deductibles, and creates a new deduction for medical equipment, supplies, and drugs sold to health care practitioners. The bill also expands the definition of eligible health care practitioners to include naturopathic doctors and clarifies which organizations qualify as managed care providers.

Scope change

The bill expands the scope of tax deductions available to health care providers by adding new categories of deductible receipts (copayments, deductibles, and medical equipment/supplies) and extending the duration of existing deductions by removing sunset dates.

ELIGIBILITY

Removed sunset dates on gross receipts tax deductions for copayments and deductibles, making these deductions permanent rather than temporary.

Added a new tax deduction for receipts from patient copayments and deductibles paid to health care practitioners for commercial contract services.

Added a new tax deduction for receipts from the sale of medical equipment, supplies, and drugs to health care practitioners.

DEFINITION

Added naturopathic doctors to the list of eligible health care practitioners who can claim tax deductions.

Expanded the definition of managed care organizations to include additional types of health care delivery systems.

FISCAL

Added requirement that health care providers receiving Medicaid reimbursement must be reimbursed for all applicable gross receipts taxes they pay.

Floor votes

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No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 26, 2025

Lower · Passed

DO NOT PASS, replaced with committee substitute

lower

Feb 7, 2025

Introduced

Sent to House Health & Human Services Committee & House Taxation & Revenue Committee

lower

4 primary · 0 co-sponsors