Category: State Incentives, Tax Incentives
AGENCY: Taxation and Revenue Department
DESCRIPTION: To finance Medicaid and indigent healthcare recipients, the governing body of any
county may enact an ordinance imposing an excise tax of 1/16% for each purpose.
ELIGIBILITY: Any county is eligible to pass the 1/16% increase to fund Medicaid, but only counties with a population of more than five hundred thousand may impose an additional 1/16% to support indigent patients.
• A majority of the members of the governing body of any county must vote to approve the increase for Medicare funding.
• Only counties with more than 500,000 may authorize the increase for the funding of indigent patients.
• See HB 274 2006.
• Visit the Taxation and Revenue Department homepage at http://www.state.nm.us/tax/home.htm or ?find paperwork and applications at http://www.state.nm.us/tax/BizPge.htm.
• Call the office of the Secretary at (505) 827-0951.