An individual who receives reimbursement from the service members' life insurance reimbursement fund may claim an exemption in the amount of that reimbursement, from income includable, except for this exemption, in net income.
§ 7-2-5.10 NMSA 1978
Exemption; New Mexico national guard member premiums paid for group life insurance
Known as the Income Tax Act
The act spans §§ 7–7 (129 sections).
Laws 2006, ch. 50, § 1.
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.