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New Mexico Statutes Chapter 7. Taxation § 7-1-6.69. Distribution; health insurance premium surtax; health care affordability fund

Current as of May 06, 2021 | Updated by FindLaw Staff

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:

A. beginning January 1, 2022 and prior to July 1, 2022, fifty-two percent;

B. beginning July 1, 2022 and prior to July 1, 2024, fifty-five percent; and

C. beginning July 1, 2024, thirty percent.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 7. Taxation § 7-1-6.69. Distribution; health insurance premium surtax; health care affordability fund - last updated May 06, 2021 | https://codes.findlaw.com/nm/chapter-7-taxation/nm-st-sect-7-1-6-69/

Read this complete New Mexico Statutes Chapter 7. Taxation § 7-1-6.69. Distribution; health insurance premium surtax; health care affordability fund on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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