New Mexico § 7-2-5.13 Exemption; armed forces retirement pay

New Mexico Statutes

§ 7-2-5.13 — Exemption; armed forces retirement pay

New Mexico § 7-2-5.13

Ch. 7Taxation

Art. 2Income Tax General Provisions

This text of New Mexico § 7-2-5.13 (Exemption; armed forces retirement pay) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 7-2-5.13 (2026).

Text

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.

B.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.

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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. B. 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.