N.M. Stat. § 7-9-73.1

Current through 2024, ch. 69
Section 7-9-73.1 - Deduction; gross receipts; governmental gross receipts; hospitals
A. Sixty percent of the receipts of hospitals licensed by the department of health may be deducted from gross receipts; provided that this deduction may be applied only to the taxable gross receipts remaining after all other appropriate deductions have been taken.
B. Sixty percent of the receipts of a hospital licensed by the department of health may be deducted from governmental gross receipts.

NMS § 7-9-73.1

Laws 1991, ch. 8, § 3; 1993, ch. 56, § 1; 1995, ch. 50, § 5.
Amended by 2019, c. 270,s. 35, eff. 7/1/2019.