There is a newer version of the New Mexico Statutes
2014 New Mexico Statutes
Chapter 7 - Taxation
Section 9 Gross Receipts and Compensating Tax
Section 7-9-16 Exemption; gross receipts tax; certain nonprofit facilities.
NM Stat § 7-9-16 (2014) What's This?
7-9-16. Exemption; gross receipts tax; certain nonprofit facilities.
Exempted from the gross receipts tax are the receipts of nonprofit entities from the operation of facilities designed and used for providing accommodations for retired elderly persons.
History: 1953 Comp., 72-16A-12.4, enacted by Laws 1969, ch. 144, 9; 1970, ch. 12, 2; 1975, ch. 54, 1.
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