State Codes and Statutes

Statutes > New-mexico > Chapter-7 > Article-9 > Section-7-9-73-1

7-9-73.1. Deduction; gross receipts; hospitals.

Fifty percent of the receipts of hospitals licensed by the department of health may be deducted from gross receipts; provided, this deduction may be applied only to the taxable gross receipts remaining after all other appropriate deductions have been taken.

State Codes and Statutes

Statutes > New-mexico > Chapter-7 > Article-9 > Section-7-9-73-1

7-9-73.1. Deduction; gross receipts; hospitals.

Fifty percent of the receipts of hospitals licensed by the department of health may be deducted from gross receipts; provided, this deduction may be applied only to the taxable gross receipts remaining after all other appropriate deductions have been taken.