Section 7-9-16 - Exemption; gross receipts tax; certain nonprofit facilities.

NM Stat § 7-9-16 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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.