PHYSICIAN TAX CREDIT

This bill creates a $4,000 tax credit for New Mexico physicians who provide at least 1,584 hours of healthcare in the state annually. To qualify, physicians must apply for certification through the Department of Health and meet the hour requirement. Unused portions of the credit can be carried forward for up to three years. The credit applies to licensed medical and osteopathic physicians starting with tax years beginning January 1, 2026.