The income of an individual who is a natural person, who is one hundred years of age or older and who is not a dependent of another individual is exempt from state income tax.
§ 7-2-5.7 NMSA 1978
Exemption; income of individuals one hundred years of age or older
Known as the Income Tax Act
The act spans §§ 7–7 (129 sections).
Laws 2002, ch. 58, § 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.