New Mexico SB12: PHYSICIAN TAX CREDIT

What the bill says

An act relating to taxation; creating the physician tax credit pursuant to the income tax act.

From the introduced text, January 20, 2026:

AN ACT RELATING TO TAXATION; CREATING THE PHYSICIAN TAX CREDIT PURSUANT TO THE INCOME TAX ACT. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. A new section of the Income Tax Act is enacted to read: "[NEW MATERIAL] PHYSICIAN TAX CREDIT.-- A. A taxpayer who files an individual New Mexico tax return, is not a dependent of another individual, is a physician and provides health care in New Mexico for at least one thousand five hundred eighty-four hours during a taxable year may claim a credit against the tax liability imposed by the Income Tax Act in an amount equal to four thousand dollars ($4,000). The credit provided in this section may be referred to as the "physician tax credit". .232841.2 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ B. A taxpayer shall apply for certification of eligibility for the tax credit from the department of health on forms and in the manner prescribed by that department. Completed applications shall be considered in the order received. For a taxpayer approved to receive the credit, the department of health shall issue a certificate of eligibility to the qualifying physician. The department of health shall provide the department with certificates of eligibility issued pursuant to this subsection in an electronic format at regularly agreed-upon intervals. C. …

Read the full official text

Sponsors

• Katy Duhigg (D, SD-010) · primary sponsor
• Elizabeth "Liz" Thomson (D, HD-024)
• Cindy Nava (D, SD-009)
• Heather Berghmans (D, SD-015)
• Martin Hickey (D, SD-020)
• Pete Campos (D, SD-008)
• Joseph Cervantes (D, SD-031)
• Natalie Figueroa (D, SD-018)
• Roberto "Bobby" J. Gonzales (D, SD-006)
• Leo Jaramillo (D, SD-005)
• Linda M. López (D, SD-011)
• Micaelita Debbie O'Malley (D, SD-013)

Latest actions

1. January 21, 2026: SCC: Reported by committee to fall within the purview of a 30 day session
2. January 20, 2026: Sent to SCC - Referrals: SCC/STBTC/SFC
3. : Action Postponed Indefinitely

Common questions

What is SB12?

SB12 is a bill in the New Mexico Legislature (2026 Regular Session): PHYSICIAN TAX CREDIT.

What does SB12 do?

In its own words: An act relating to taxation; creating the physician tax credit pursuant to the income tax act.

What is the status of SB12?

In committee as of January 21, 2026. Latest action: SCC: Reported by committee to fall within the purview of a 30 day session (January 21, 2026).

Who sponsored SB12?

Katy Duhigg (D, SD-010), with 11 co-sponsors.

Where is the official record for SB12?

On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=12&year=26