NMSA 1978, § 7-9-41.5 — 7-9-41.5

Exemption; nonprofit hospitals from local option gross
receipts taxes.

# A.

Exempted from any local option gross receipts tax, but not the state gross
receipts tax, are receipts of a nonprofit hospital licensed by the department of health.

# B.

As used in this section, "nonprofit hospital" means a hospital that has been
granted exemption from federal income tax by the United States commissioner of
internal revenue as an organization described in Section 501(c)(3) of the Internal
Revenue Code.