SENATE CORPORATIONS AND TRANSPORTATION COMMITTEE SUBSTITUTE FOR

SENATE BILL 517

51st legislature - STATE OF NEW MEXICO - first session, 2013

AN ACT

RELATING TO TAXATION; CLARIFYING THAT THE DISABLED VETERAN EXEMPTION APPLIES TO ALL SPECIAL DISTRICT LEVIES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     SECTION 1. SPECIAL DISTRICT LEVIES--APPLICATION OF DISABLED VETERAN EXEMPTION.--Any levy authorized pursuant to Chapter 73 NMSA 1978 shall exclude the principal place of residence of a disabled veteran who applied for and was allowed the disabled veteran exemption provided pursuant to Section

7-37-5.1 NMSA 1978.

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