ELECTRONIC MEDICAL RECORDS TAX CREDIT

HB 249 creates a New Mexico tax credit for health care practitioners who adopt digital medical records systems. It allows eligible practitioners (like physicians, nurses, and psychologists) to claim a credit equal to their payments for electronic medical records, up to $6,000 per year, if they meet specific requirements: providing at least 1,584 hours of care annually, working at a small health care institution (employing ≤10 practitioners), and maintaining payment records. The credit is non-refundable and cannot be carried forward if it exceeds tax liability, and practitioners cannot claim it if they already use a separate rural health care tax credit. The credit applies to taxable years starting January 1, 2026, through December 31, 2030.