{"data":{"id":"us-nm/7-9-41.5","jurisdiction":"us-nm","citation":"7-9-41.5","heading":"Exemption; nonprofit hospitals from local option gross receipts taxes.","body":"A. Exempted from any local option gross receipts tax, but not the state gross receipts tax, are receipts of a nonprofit hospital licensed by the department of health.\nB. As used in this section, \"nonprofit hospital\" means a hospital that has been granted exemption from federal income tax by the United States commissioner of internal revenue as an organization described in Section 501(c)(3) of the Internal Revenue Code.","path":["Chapter 7 - Taxation","ARTICLE 9 Gross Receipts and Compensating Tax"],"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":"8bd7fedb9f16c215a4b170c6c913b72643231d78d3e1c9fffd3a31a3d49889d3","source_id":"us-nm","stale":false,"prev":"us-nm/7-9-41.4","next":"us-nm/7-9-41.6"},"notice":"GroundRules: Original legal text. Not legal advice."}