N.M. Stat. § 7-2-5.2
Any individual sixty-five years of age or older or who, for federal income tax purposes, is blind may claim an exemption in an amount specified in Subsections A through C of this section not to exceed eight thousand dollars ($8,000) of income includable except for this exemption in net income. Individuals having income both within and without this state shall apportion this exemption in accordance with regulations of the secretary:
If adjusted gross income is: | The maximum amount of exemption allowable under this section shall be: |
Not over $15,000 | $8,000 |
Over $15,000 but not over $16,500 | $7,000 |
Over $16,500 but not over $18,000 | $6,000 |
Over $18,000 but not over $19,500 | $5,000 |
Over $19,500 but not over $21,000 | $4,000 |
Over $21,000 but not over $22,500 | $3,000 |
Over $22,500 but not over $24,000 | $2,000 |
Over $24,000 but not over $25,500 | $1,000 |
Over $25,500 | 0. |
If adjusted gross income is: | The maximum amount of exemption allowable unde this section shall be: |
Not over $30,000 | $8,000 |
Over $30,000 but not over $33,000 | $7,000 |
Over $33,000 but not over $36,000 | $6,000 |
Over $36,000 but not over $39,000 | $5,000 |
Over $39,000 but not over $42,000 | $4,000 |
Over $42,000 but not over $45,000 | $3,000 |
Over $45,000 but not over $48,000 | $2,000 |
Over $48,000 but not over $51,000 | $1,000 |
Over $51,000 | 0. |
If adjusted gross income is: | The maximum amount of exemption allowable under this section shall be: |
Not over $18,000 | $8,000 |
Over $18,000 but not over $19,500 | $7,000 |
Over $19,500 but not over $21,000 | $6,000 |
Over $21,000 but not over $22,500 | $5,000 |
Over $22,500 but not over $24,000 | $4,000 |
Over $24,000 but not over $25,500 | $3,000 |
Over $25,500 but not over $27,000 | $2,000 |
Over $27,000 but not over $28,500 | $1,000 |
Over $28,500 | 0. |
NMS § 7-2-5.2