New Mexico Statutes Chapter 7. Taxation § 7-2-5.13. Exemption;  armed forces retirement pay

A. An individual who is an armed forces retiree or the surviving spouse of an armed forces retiree may claim an exemption in an amount equal to thirty thousand dollars ($30,000) of armed forces retirement pay includable, except for this exemption, in net income.

B. As used in this section, “armed forces retiree” means a former member of the armed forces of the United States who has qualified by years of service or disability to separate from military service with lifetime benefits.