There Is a Newer Version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 7: Taxation
Article 9: Gross Receipts and Compensating Tax, 7-9-1 through 7-9-114
Section 7-9-24: Exemption; gross receipts tax; insurance companies.
NM Stat § 7-9-24 (1996 through 1st Sess 50th Legis) What's This?
7-9-24. Exemption; gross receipts tax; insurance companies.
Exempted from the gross receipts tax are the receipts of insurance companies or any agent thereof from premiums and any consideration received by a property bondsman, as that person is defined in Section 59A-51-2 NMSA 1978, as security or surety for a bail bond in connection with a judicial proceeding.
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