Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 2 - Income Tax General Provisions, 7-2-1 through 7-2-36. > Section 7-2-5.10 - Exemption; New Mexico national guard member premiums paid for group life insurance.

Section 7-2-5.10 - Exemption; New Mexico national guard member premiums paid for group life insurance.

7-2-5.10. Exemption; New Mexico national guard member premiums paid for group life insurance.

An individual who receives reimbursement from the service members' life insurance reimbursement fund may claim an exemption in the amount of that reimbursement, from income includable, except for this exemption, in net income.