Every society organized or licensed under Chapter 59A, Article 44 NMSA 1978 is hereby declared to be a charitable and benevolent institution, and all of its funds shall be exempt from all and every state, county, district, municipal and school tax other than taxes on real estate and office equipment.
§ 59A-44-24 NMSA 1978
Taxation
Applied in 1 court decision — leading case Colorado Department of Revenue v. Woodmen of the World (1996)
Most recently applied in Colorado Department of Revenue v. Woodmen of the World (July 1996)
1978 Comp., § 59A-44-24, enacted by Laws 1989, ch. 388, § 24.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.