Exempted from the gross receipts tax are the receipts of a minister of a religious organization, which organization has been granted an exemption from federal income tax by the United States commissioner of internal revenue as an organization described in Section 501(c)(3) of the United States Internal Revenue Code of 1954, as amended or renumbered, from religious services provided by the minister to an individual recipient of the service.
§ 7-9-41 NMSA 1978
Exemption; gross receipts tax; religious activities
Known as the Gross Receipts and Compensating Tax Act
The act spans §§ 7–7 (192 sections).
Applied in 1 court decision — leading case Texas Monthly, Inc. v. Bullock (1989)
Most recently applied in Texas Monthly, Inc. v. Bullock (February 1989)
1953 Comp., § 72-16A-12.29, enacted by Laws 1972, ch. 61, § 2.
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.