A. Exempted from any local option gross receipts tax, but not the state gross receipts tax, are receipts of a nonprofit hospital licensed by the department of health.B. As used in this section, 'nonprofit hospital' means a hospital that has been granted exemption from federal income tax by the United States commissioner of internal revenue as an organization described in Section 501(c)(3) of the Internal Revenue Code.History: Laws 2019, ch. 270, § 34. ANNOTATIONSCross references. — For Section 501(c)(3) of the Internal Revenue Code of 1986, see 26 U.S.C. § 501(c)(3).Effective dates. — Laws 2019, ch. 270, § 60 made Laws 2019, ch. 270, § 34 effective July 1, 2019.
New Mexico Legal Code