Section 7-37-5.2 - Veterans' organization exemption. (Contingent effective date. See note.) - New Mexico Statutes

7-37-5.2. Veterans' organization exemption.   (Contingent effective date.  See note.)

The property of a veterans' organization chartered by the United States congress and that is used by a local, state or federal governmental entity for events or by nonprofit community organizations or other veterans' organizations is exempt from property taxation.  The exemption provided by this section may be referred to as the "veterans' organization exemption".  The veterans' organization exemption shall be applied only if claimed and allowed pursuant to Section 7-38-17 NMSA 1978 and the rules of the department.  The veterans' services department shall assist the taxation and revenue department and the county assessors in determining which veterans' organizations qualify for the veterans' organization exemption.