New Mexico § 7-2-36 Deduction; expenses related to organ donation

New Mexico Statutes

§ 7-2-36 — Deduction; expenses related to organ donation

New Mexico·Ch. 7 Taxation·Art. 2 Income Tax General Provisions

A. A taxpayer may claim a deduction from net income in an amount not to exceed ten thousand dollars ($10,000) of organ donation-related expenses, including lost wages, lodging expenses and travel expenses, incurred during the taxable year by the taxpayer or the taxpayer's dependent as a result of the taxpayer's or dependent's donation of a human organ to another person for transfer of that human organ to the body of another person. B. A husband and wife who file separate returns for a taxable year in which they could have filed a joint return may each claim only one-half of the deduction provided by this section that would have been allowed on a joint return. C. For the purposes of this section:

(1)"dependent" means "dependent" as defined by Section 152 of the Internal Revenue Code, as th

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A. A taxpayer may claim a deduction from net income in an amount not to exceed ten thousand dollars ($10,000) of organ donation-related expenses, including lost wages, lodging expenses and travel expenses, incurred during the taxable year by the taxpayer or the taxpayer's dependent as a result of the taxpayer's or dependent's donation of a human organ to another person for transfer of that human organ to the body of another person. B. A husband and wife who file separate returns for a taxable year in which they could have filed a joint return may each claim only one-half of the deduction provided by this section that would have been allowed on a joint return. C. For the purposes of this section: (1) "dependent" means "dependent" as defined by Section 152 of the Internal Revenue Code, as that section may be amended or renumbered; and (2) "human organ" means all or part of a heart, liver, pancreas, kidney, intestine, lung or bone marrow.

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