There is a newer version of the New Mexico Statutes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 7-9-73.1 Deduction; gross receipts; hospitals.
NM Stat § 7-9-73.1 (2014) What's This?
7-9-73.1. Deduction; gross receipts; hospitals.
Fifty percent of the receipts of hospitals licensed by the department of health may be deducted from gross receipts; provided, this deduction may be applied only to the taxable gross receipts remaining after all other appropriate deductions have been taken.
History: Laws 1991, ch. 8, 3; 1993, ch. 56, 1; 1995, ch. 50, 5.
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