DENTAL & VISION ONLY CONTRACTS
SB 520 clarifies that dental and vision only health insurance plans are excluded from New Mexico's 3.75% health insurance premium surtax. This means insurance providers selling standalone dental or vision coverage will not pay the additional tax on premiums for these specific plans. The surtax continues to apply to most other health insurance plans, including those covering hospital and medical expenses. The change takes effect January 1, 2026, ensuring dental and vision plans remain tax-exempt under the state's health insurance tax code.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 20, 2025
Last action Jun 3, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
0
Feb 20, 2025
Introduced
Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Martin Hickey
DDemocratic
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