NMSA 1978, § 7-2-5.6 — Exemption; medical care savings accounts

Except as provided in Section 6 [59A-23D-6 NMSA 1978] of this act, employer and
employee contributions to medical care savings accounts established pursuant to the
Medical Care Savings Account Act [Chapter 59A, Article 23D NMSA 1978], the interest
earned on those accounts and money reimbursed to an employee for eligible medical
expenses from those accounts or money advanced to the employee by the employer for
eligible medical expenses pursuant to that act are exempt from taxation.