N.M. Stat. § 7-1-6.69

Current through 2024, ch. 69

Section 7-1-6.69 - [Effective Until 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. 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.

NMS § 7-1-6.69

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.