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2021 New Mexico Statutes
Chapter 7 - Taxation
Article 2 - Income Tax General Provisions
Section 7-2-5.7 - Exemption; income of individuals one hundred years of age or older.
Universal Citation:
NM Stat § 7-2-5.7 (2021)
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The income of an individual who is a natural person, who is one hundred years of age or older and who is not a dependent of another individual is exempt from state income tax.
History: Laws 2002, ch. 58, § 1.
ANNOTATIONSEffective dates. — Laws 2002, ch. 58 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 15, 2002, 90 days after adjournment of the legislature.
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