{"data":{"id":"us-nm/7-2-5.13","jurisdiction":"us-nm","citation":"7-2-5.13","heading":"Exemption; armed forces retirement pay.","body":"A. An individual who is an armed forces retiree or the surviving spouse of an armed forces retiree may claim an exemption in an amount equal to thirty thousand dollars ($30,000) of armed forces retirement pay includable, except for this exemption, in net income.\nB. As used in this section, \"armed forces retiree\" means a former member of the armed forces of the United States who has qualified by years of service or disability to separate from military service with lifetime benefits.","path":["Chapter 7 - Taxation","ARTICLE 2 Income Tax General Provisions"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"03a722d5a04a54125307ce65e0b686b40aa60d740f52ea5d34cbd433a7c001ca","source_id":"us-nm","stale":false,"prev":"us-nm/7-2-5.12","next":"us-nm/7-2-5.14"},"notice":"GroundRules: Original legal text. Not legal advice."}