Every society organized or licensed under Chapter 59A, Article 44 NMSA 1978 is hereby declared to be a charitable and benevolent institution, and all of its funds shall be exempt from all and every state, county, district, municipal and school tax other than taxes on real estate and office equipment.
History: 1978 Comp., § 59A-44-24, enacted by Laws 1989, ch. 388, § 24.
Repeals and reenactments. — Laws 1989, ch. 388, § 24, repealed 59A-44-24 NMSA 1978, as enacted by Laws 1984, ch. 127, § 809, relating to the annual license, and enacted a new section, effective January 1, 1990.
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