HOUSE APPROPRIATIONS AND FINANCE COMMITTEE SUBSTITUTE FOR

HOUSE BILL 4

57th legislature - STATE OF NEW MEXICO - second session, 2026

 

 

 

 

 

 

 

AN ACT

RELATING TO HEALTH CARE AFFORDABILITY; ADJUSTING THE DISTRIBUTIONS TO THE HEALTH CARE AFFORDABILITY FUND.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     SECTION 1. Section 7-1-6.69 NMSA 1978 (being Laws 2021, Chapter 136, Section 1, as amended) is amended to read:

     "7-1-6.69. 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.] A. beginning September 1, 2025 and prior to September 1, 2027, fifty-five percent;

          B. beginning September 1, 2027 and prior to September 1, 2028, eighty percent; and

          C. beginning September 1, 2028, one hundred percent."

- 2 -