RURAL HEALTH CARE TAX CREDIT CHANGES

HB 142 expands New Mexico's health care tax credit to include practitioners working in urban health care underserved areas, not just rural ones. It increases the maximum credit for rural practitioners from $5,000 to $10,000 for full-time service (1,584+ hours) and reduces the required hours for emergency medical physicians from 1,500 to 1,440 annually. The bill also creates tiered credit amounts based on location (rural vs. urban) and hours worked, with higher credits for longer service periods. This directly affects licensed health care providers like doctors, nurses, and therapists practicing in underserved communities across New Mexico. The bill is currently under review by the House Health & Human Services and Taxation committees.