WeVote
Log In

Bill

WeVote Research Nonpartisan
Bill Summary · SB 249

Legislative bill overview

SB 249 imposes a gross receipts tax on health care providers in New Mexico. The bill applies a tax rate to the total revenue generated by medical facilities, clinics, hospitals, and related health care entities, rather than taxing only net profits.

Why is this important

Gross receipts taxes on health care providers directly increase operational costs for medical facilities, which typically get passed to patients through higher service fees, reduced services, or increased insurance premiums. This could affect health care affordability and access, particularly for underinsured or uninsured New Mexico residents, while generating state revenue for the budget.

Potential points of contention

  • Cost burden on patients: Gross receipts taxes are broad-based and cannot be offset by business deductions, making them more expensive than profit-based taxes and likely resulting in higher patient costs
  • Impact on rural/critical access hospitals: Smaller or financially struggling health care providers may face disproportionate burden, potentially leading to service reductions in underserved areas
  • Provider relocation risk: Health care organizations may relocate to neighboring states with lower tax burdens, reducing competition and access within New Mexico

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

Sign in to ask a question.