HEALTH CARE PRECEPTOR INCOME TAX CREDIT

HB0090

HOUSE BILL 90

57th legislature - STATE OF NEW MEXICO - second session, 2026

INTRODUCED BY

Anita Gonzales
and
Marianna Anaya
and
Leo Jaramillo

AN ACT

RELATING TO TAXATION; CREATING THE HEALTH CARE PRECEPTOR INCOME
TAX CREDIT.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

SECTION 1.
A new section of the Income Tax Act is enacted
to read:

"[
NEW MATERIAL
] HEALTH CARE PRECEPTOR INCOME TAX CREDIT.--

A. A taxpayer who is not a dependent of another
individual, who is a preceptor employed by or a volunteer of an
accredited New Mexico institution of higher education and who
has performed a preceptorship of not less than four weeks in
New Mexico may apply for, and the department may allow, a
credit against the taxpayer's tax liability imposed pursuant to
the Income Tax Act. The tax credit provided by this section
may be referred to as the "health care preceptor income tax
credit".

B. The health care preceptor income tax credit
shall not exceed one thousand dollars ($1,000) for any
preceptorships performed in the taxable year in which the
credit is claimed.

C. A taxpayer may claim a health care preceptor
income tax credit for the taxable year in which the taxpayer
performs a preceptorship. A taxpayer shall not claim more than
one tax credit per taxable year. To receive the tax credit, a
taxpayer shall apply to the department on forms and in the
manner prescribed by the department. The application shall
include a certification made by the institution for which the
taxpayer is employed or volunteers and for which the
preceptorship was performed.

D. That portion of a health care preceptor income
tax credit that exceeds a taxpayer's tax liability in the
taxable year in which the credit is claimed may be carried
forward and applied against the taxpayer's income tax liability
in succeeding years until the credit is exhausted.

E. A taxpayer allowed a tax credit pursuant to this
section shall report the amount of the credit to the department
in a manner required by the department.

F. The department shall include the tax credit in

the tax expenditure budget compiled pursuant to Section 7-1-84

NMSA 1978.

G. As used in this section:

(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, social work or dental medicine
or as a physician assistant;

(2) "eligible professional degree" means a
degree or certificate that fulfills a requirement to practice
as a medical doctor, an osteopathic physician, an advanced
practice nurse, a nurse-midwife, a physician assistant, a
dentist, a pharmacist, a psychologist or a social worker;

(3) "preceptor" means an individual licensed
as a medical doctor, an osteopathic physician, an advanced
practice nurse, a nurse-midwife, a physician assistant, a
dentist, a pharmacist, a psychologist or a social worker; and

(4) "preceptorship" means one hundred twenty
hours of uncompensated clinical training and supervision of an
eligible graduate student to enable the student to obtain an
eligible professional degree."

SECTION 2.
APPLICABILITY.--The provisions of this act

apply to taxable years beginning on or after January 1, 2026.

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