44th legislature - STATE OF NEW MEXICO - 2nd special session, 2000

RELATING TO TAXATION; PROVIDING A GROSS RECEIPTS TAX DEDUCTION FOR RECEIPTS OF HOSPICES FROM THE PROVISION OF CERTAIN SERVICES TO MEDICARE BENEFICIARIES; DECLARING AN EMERGENCY.

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

Section 1. Section 7-9-77.1 NMSA 1978 (being Laws 1998, Chapter 96, Section 1) is amended to read:

"7-9-77.1. DEDUCTION--GROSS RECEIPTS TAX--CERTAIN MEDICAL AND HEALTH CARE SERVICES.--

[A. Thirty-three and one-third percent of receipts, on or after July 1, 1998 and before July 1, 1999, from payments by the United States government or any agency thereof for provision of medical and other health services by medical doctors and osteopaths to medicare beneficiaries pursuant to the provisions of Title XVIII of the federal Social Security Act may be deducted from gross receipts.

B. Sixty-six and two-thirds percent of receipts, on or after July 1, 1999 and before July 1, 2000, from payments by the United States government or any agency thereof for provision of medical and other health services by medical doctors and osteopaths to medicare beneficiaries pursuant to the provisions of Title XVIII of the federal Social Security Act may be deducted from gross receipts.

C.] A. Receipts [on or after July 1, 2000] from payments by the United States government or any agency thereof for provision of medical and other health services by medical doctors and osteopaths or of medical, other health and palliative services by a hospice to medicare beneficiaries pursuant to the provisions of Title XVIII of the federal Social Security Act may be deducted from gross receipts.

[D.] B. For the purposes of this section:

(1) "hospice" means a for-profit entity licensed and certified by the department of health as a hospice; and

(2) "medical doctors and osteopaths" means persons licensed to practice under Section 61-6-11 or 61-10-11 NMSA 1978."

Section 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2000.

Section 3. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.