45th legislature - STATE OF NEW MEXICO - first session, 2001

RELATING TO TAXATION; PROVIDING A GROSS RECEIPTS TAX EXEMPTION FOR THE RECEIPTS OF MEDICAL DOCTORS, OSTEOPATHIC PHYSICIANS AND PODIATRISTS PROVIDING MEDICAL AND OTHER HEALTH SERVICES TO MEDICARE BENEFICIARIES.

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, as amended) is amended to read:

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

A. Receipts from payments by the United States government or any agency thereof for provision of medical and other health services by medical doctors, [and osteopaths] osteopathic physicians and podiatrists or of medical, other health and palliative services by a hospice to medicare beneficiaries pursuant to the provisions of Title [XVIII] 18 of the federal Social Security Act [may be deducted] are exempt from the gross receipts tax.

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 who are licensed physicians [to practice under Section 61-6-11 or 61-10-11 NMSA 1978] pursuant to the provisions of the Medical Practice Act;

(3) "osteopathic physicians" means persons licensed as osteopathic physicians pursuant to the provisions of Chapter 61, Article 10 NMSA 1978; and

(4) "podiatrists" means persons licensed as podiatrists pursuant to the Podiatry Act."

Section 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2001.