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People also ask
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What is the New Mexico Opportunity Act?
The New Mexico Opportunity Scholarship provides tuition and fee assistance for New Mexico residents who meet eligibility and are pursuing a training certificate, associate degree, or bachelor's degree at a New Mexico public college or university.
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What is the gift rule for the federal government?
You may accept unsolicited gifts that do not exceed $20 per occasion, up to $50 aggregated from a single source in any given calendar year. You may not accept cash or checks made out to you under any circumstance.
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What is article 9 section 14 of the constitution of New Mexico?
IX, § 14. Aid to private enterprise; veterans' scholarship program; student loans; job opportunities; affordable housing.
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Where do I send my transcripts to University of New Mexico?
Paper transcripts are mailed to The UNM Office of Admissions, PO Box 4895, Albuquerque, NM 87196-4895. Electronic transcripts are sent to apply@unm.edu.
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What is the anti donation law in New Mexico?
What is the NM Anti-donation Clause? The Anti-donation Clause of the New Mexico Constitution forbids all state, counties, school districts, and municipalities from directly or indirectly pledging its credit or making any donation to or in aid of any person, association, or public or private corporation.
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What is the New Mexico gift Act?
(NMSA §§ 10-16B-1 et seq. “Gift Act.”) Under the New Mexico Gift Act, it is illegal for a “restricted donor” to offer, or for a state officer or employee or their family members (“donees”), to accept from a restricted donor, a gift with a market value greater than $250.00.
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How to gift property in New Mexico?
Valid deeds must meet the following requirements: The grantor must intend to make a present gift of the property, the grantor must deliver the property to the grantee, and the grantee must accept the gift.
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What is the gift tax in New Mexico?
There is also no gift tax in New Mexico. The federal gift tax has a $19,000 exemption per gift recipient in 2025, up from $18,000 in 2024. If you give one person more than $19,000 in 2025, you must report that gift to the IRS.
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