Proposal would let health preceptors seek a tax credit

The proposal would let a taxpayer apply for a credit, which the department may allow. The applicant must be licensed in a listed health profession and supervise an eligible graduate student or medical resident in New Mexico. The taxpayer must not be another person's dependent and must work for or volunteer with an accredited New Mexico institution of higher education. The application must follow department rules and include certification from the institution where the training took place. The proposal applies to tax years beginning on or after January 1, 2026. A taxpayer could claim one credit for the year the training takes place and carry any amount above their tax owed into later years until used.