NMSA 1978, § 7-9-85 — 7-9-85

Deduction; gross receipts tax; certain organization
fundraisers.
Receipts from not more than two fundraising events annually conducted by an
organization that is exempt from the federal income tax as an organization described in
Section 501(c), other than an organization described in Section 501(c)(3), of the United
States Internal Revenue Code of 1986, as amended may be deducted from gross
receipts.