N.M. Stat. § 7-9-41.5

Current through 2024, ch. 69
Section 7-9-41.5 - Exemption; nonprofit hospitals from local option gross receipts taxes
A. Exempted from any local option gross receipts tax, but not the state gross receipts tax, are receipts of a nonprofit hospital licensed by the department of health.
B. As used in this section, "nonprofit hospital" means a hospital that has been granted exemption from federal income tax by the United States commissioner of internal revenue as an organization described in Section 501(c)(3) of the Internal Revenue Code.

NMS § 7-9-41.5

Added by 2019, c. 270,s. 34, eff. 7/1/2019.