{"data":{"id":"us-nm/7-9-73.1","jurisdiction":"us-nm","citation":"7-9-73.1","heading":"Deduction; gross receipts; governmental gross receipts; hospitals.","body":"A. Sixty percent of the receipts of hospitals licensed by the department of health may be deducted from gross receipts; provided that this deduction may be applied only to the taxable gross receipts remaining after all other appropriate deductions have been taken.\nB. Sixty percent of the receipts of a hospital licensed by the department of health may be deducted from governmental gross receipts.","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":"54ab3b9a43d4ecda07fe8aaf40a95a87ea640df390138a21c8e566c5544ba082","source_id":"us-nm","stale":false,"prev":"us-nm/7-9-73","next":"us-nm/7-9-73.2"},"notice":"GroundRules: Original legal text. Not legal advice."}