State Incentives

State Incentives

NEW MEXICO RURAL HEALTH CARE PRACTITIONER TAX CREDIT PROGRAM 

Eligible health care practitioners who have provided health care services in a designated rural health care underserved area can apply for an income tax credit through the New Mexico Department of Health.  All physicians, osteopathic physicians, dentists, clinical psychologists, podiatrists & optometrists are eligible for a tax credit of $5,000 per year if working full time and pro-rated for part-time.  Dental hygienists, physician assistants, certified nurse midwives, certified registered nurse anesthetists, certified nurse practitioners and clinical nurse specialists are eligible for a tax credit of $3,000 per year if working full time and pro-rated for part-time.  For downloadable application see http://nmhealth.org/ .  Phone (505)222-8672 if questions.

NEW MEXICO HEALTH PROFESSIONAL LOAN REPAYMENT PROGRAM 

Requires a two year service commitment to practice full-time in a health professional shortage area.  Eligible are primary care physicians (to include an allopathic or osteopathic physician with a specialty in family or general medicine, general internal medicine, general pediatrics, and obstetrics and gynecology and other specialties as may be considered at the discretion of the department); psychiatrists, physician assistants; advanced practice nurses; dentists, podiatrists, optometrists & allied health care providers already or about to be employed.  Awards are up to $35,000 annually and are renewable if the application is submitted each year.  The application will open in March with a May 1st deadline.  http://hed.state.nm.us

 

LICENSURE APPLICATION FEE TO BE WAIVED BY THE NEW MEXICO MEDICAL BOARD 

The New Mexico Medical Board (NMMB) is waiving the $400 licensure application fee for allopathic physicians and physician assistants ($150 fee) who choose New Mexico as their first state of licensure.  The licensure application is available on the Board’s web site http://nmhealth.org/  Contact the NMMB for additional information at (505) 476-7220 or e-mail to: nmbme@state.nm.us.

For more detailed information on the various New Mexico State incentives, visit: http://www.nmpartnership.com/