7-1-6.69. Distribution; health insurance premium surtax; health care
196 words·~1 min read·
/nm/chapter-7-taxation/article-1-administration/7-1-6-69·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
affordability fund; behavioral health program fund.
A. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the health care affordability fund in an amount equal to the following amounts of the net receipts attributable to the health insurance premium surtax; provided that if the rate of the health insurance premium surtax is reduced pursuant to Subsection F of Section 7- 40-3 NMSA 1978, no distribution pursuant to this section shall be made:
(1)beginning September 1, 2025 and prior to September 1, 2027, fifty-five percent;
(2)beginning September 1, 2027 and prior to September 1, 2028, eighty percent; and
(3)beginning September 1, 2028, ninety-five percent.
B. Beginning September 1, 2028, a distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the behavioral health program fund in an amount equal to five percent of the net receipts attributable to the health insurance premium surtax; provided that if the rate of the health insurance premium surtax is reduced pursuant to Subsection F of Section 7-40-3 NMSA 1978, no distribution pursuant to this section shall be made.
History: Laws 2021, ch. 136, § 1; 2024, ch. 32, §; 2026, ch. 39, § 1.