NMSA 1978, § 7-9-4.3 — 7-9-4.3

Imposition and rate of tax; denomination as "governmental
gross receipts tax".
For the privilege of engaging in certain activities by governments, there is imposed
on every agency, institution, instrumentality or political subdivision of the state, except
any school district and an entity licensed by the department of health, other than a
hospital, that is principally engaged in providing health care services, an excise tax of
five percent of governmental gross receipts. The tax imposed by this section shall be
referred to as the "governmental gross receipts tax".