New Mexico legislation · 2026 Regular Session
New Mexico SB133: HEALTH EQUIPMENT GRT DEDUCTION
Status: In committee, January 27, 2026
What the bill says
An act relating to taxation; providing a gross receipts tax deduction for the sale of certain equipment and medication dispensed by a health care practitioner in a practice setting; providing a hold harmless distribution to municipalities and counties.
From the introduced text, January 26, 2026:
AN ACT RELATING TO TAXATION; PROVIDING A GROSS RECEIPTS TAX DEDUCTION FOR THE SALE OF CERTAIN EQUIPMENT AND MEDICATION DISPENSED BY A HEALTH CARE PRACTITIONER IN A PRACTICE SETTING; PROVIDING A HOLD HARMLESS DISTRIBUTION TO MUNICIPALITIES AND COUNTIES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. A new section of the Tax Administration Act is enacted to read: "[NEW MATERIAL] DISTRIBUTION TO HOLD HARMLESS MUNICIPALITIES AND COUNTIES FROM GROSS RECEIPTS TAX DEDUCTIONS FOR RECEIPTS FOR THE SALE OF CERTAIN IN-OFFICE EQUIPMENT AND MEDICATIONS TO HEALTH CARE PRACTITIONERS.-- A. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to a municipality in an amount, subject to any increase or decrease made pursuant to Section 7-1-6.15 NMSA .232772.1 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ 1978, equal to the total deductions claimed pursuant to Section 2 of this 2026 act for the month by taxpayers from business locations in the municipality multiplied by the sum of the combined rate of all municipal local option gross receipts taxes in effect in the municipality for the month plus one and two hundred twenty-five thousandths percent. B. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to a county in an amount, subject to any increase or decrease made pursuant to Section 7-1-6.15 NMSA …
Sponsors
- Jeff Steinborn (D, SD-036) · primary sponsor
- Martin Hickey (D, SD-020)
- Wilson, Rex (R, 33)
- Carrie Hamblen (D, SD-038)
Latest actions
- : SCC: Reported by committee to fall within the purview of a 30 day session
- : Sent to SCC - Referrals: SCC/STBTC/SFC
- : Action Postponed Indefinitely
Subjects: TAXATION, GROSS RECEIPTS & COMPENSATING, HEALTH & HEALTH FACILITIES
Common questions
- What is SB133?
- SB133 is a bill in the New Mexico Legislature (2026 Regular Session): HEALTH EQUIPMENT GRT DEDUCTION.
- What does SB133 do?
- In its own words: An act relating to taxation; providing a gross receipts tax deduction for the sale of certain equipment and medication dispensed by a health care practitioner in a practice setting; providing a hold harmless distribution to municipalities and counties.
- What is the status of SB133?
- In committee as of January 27, 2026. Latest action: SCC: Reported by committee to fall within the purview of a 30 day session (January 27, 2026).
- Who sponsored SB133?
- Jeff Steinborn (D, SD-036), with 3 co-sponsors.
- Where is the official record for SB133?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legType=B&legNo=133&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.