New Mexico Statutes
§ 7-9-85 — Deduction; gross receipts tax; certain organization
fundraisers. Receipts from not more than two fundraising events annually conducted by an organization that is exempt from the federal income tax as an organization described in Section 501(c), other than an organization described in Section 501(c)(3), of the United States Internal Revenue Code of 1986, as amended may be deducted from gross receipts.
Free access — add to your briefcase to read the full text and ask questions with AI
New Mexico § 7-9-85 (Deduction; gross receipts tax; certain organization) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1994, ch. 43, § 1.
Nearby Sections
15
§ 7-1-1
Short title§ 7-1-11.1
Managed audits§ 7-1-11.2
Required audit notices§ 7-1-12
Identification of taxpayers§ 7-1-13.1
Method of payment of certain taxes due§ 7-1-13.2
Repealed§ 7-1-13.3
Repealed§ 7-1-13.4
Electronic payments; reversals