New Mexico § 7-9-39 Exemption; gross receipts tax; fees from social

New Mexico Statutes

§ 7-9-39 — Exemption; gross receipts tax; fees from social

New Mexico § 7-9-39

Ch. 7Taxation

Art. 9Gross Receipts and Compensating Tax

This text of New Mexico § 7-9-39 (Exemption; gross receipts tax; fees from social) 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. § 7-9-39 (2026).

Text

organizations. A. Exempted from the gross receipts tax are the receipts from dues and registration fees of nonprofit social, fraternal, political, trade, labor or professional organizations and business leagues. B. For the purposes of this section:

(1)"dues" means amounts that a member of an organization pays at recurring intervals to retain membership in an organization where such amounts are used for the general maintenance and upkeep of the organization; and (2) "registration fees" means amounts paid by persons to attend a specific event sponsored by an organization to defray the cost of the event.

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organizations. A. Exempted from the gross receipts tax are the receipts from dues and registration fees of nonprofit social, fraternal, political, trade, labor or professional organizations and business leagues. B. For the purposes of this section: (1) "dues" means amounts that a member of an organization pays at recurring intervals to retain membership in an organization where such amounts are used for the general maintenance and upkeep of the organization; and (2) "registration fees" means amounts paid by persons to attend a specific event sponsored by an organization to defray the cost of the event.