N.M. Stat. § 7-1-6.69

Current through 2024, ch. 69

Section 7-1-6.69 - [Effective 7/1/2024] Distribution-health insurance premium surtax-health care affordability fund

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. prior to July 1, 2024, fifty-five percent;

B. beginning July 1, 2024 and prior to September 1, 2025, thirty percent; and

C. beginning September 1, 2025, fifty-five percent.

NMS § 7-1-6.69

Amended by 2024, c. 32,s. 1, eff. 7/1/2024.

Added by 2021, c. 136,s. 1, eff. 1/1/2022.

This section is set out more than once due to postponed, multiple, or conflicting amendments.