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HB 395

HEALTH CARE PRECEPTOR TAX CREDIT

2025 Regular Session Introduced by Marianna Anaya and 3 co-sponsors

New Mexico bill creates tax credit for healthcare professionals mentoring medical/nursing students to boost clinical training capacity and workforce development.

action postponed indefinitely
#health&healthfacilities #taxation #income
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Bill Summary · HB 395

Legislative bill overview

HB 395 establishes a tax credit for healthcare professionals who serve as preceptors—experienced practitioners who train and supervise students in clinical settings. The credit incentivizes physicians, nurses, and other healthcare providers to take on mentoring roles by reducing their state tax liability based on preceptorship hours or patients supervised.

Why is this important

Healthcare professional shortages persist in New Mexico and rural areas nationwide. Preceptorship is essential for training the next generation of doctors and nurses, but takes significant time away from clinical practice and revenue generation. A tax credit could increase the supply of willing mentors, improving training capacity and potentially addressing workforce gaps in the state.

Potential points of contention

  • Cost to state budget: Tax credits reduce state revenue; fiscal impact depends on credit amount and participation rates, which may be difficult to predict
  • Equity concerns: Credits may disproportionately benefit higher-income healthcare professionals in urban areas with more training programs, potentially widening regional disparities
  • Implementation complexity: Determining eligible preceptorship activities, tracking hours, and auditing claims requires administrative infrastructure; definitions of "qualified" preceptor and training may be contentious
  • Alternative approaches: Policymakers may debate whether direct grants to training programs or loan forgiveness would be more effective and transparent than individual tax credits

Compiled from official sources — confirm details with the bill’s official record.

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