2021 New Mexico Statutes
Chapter 7 - Taxation
Article 9 - Gross Receipts and Compensating Tax

Section 7-9-3.4 - Definitions; construction, construction materials and construction-related services. - As used in the Gross Receipts and Compensating Tax Act:...

Section 7-9-3.5 - Definition; gross receipts. - A. As used in the Gross Receipts and Compensating Tax...

Section 7-9-4 - Imposition and rate of tax; denomination as "gross receipts tax". - A. For the privilege of engaging in business, an excise...

Section 7-9-4.1 - Repealed. - Repeals. — Laws 1990, ch. 41, § 10 repealed 7-9-4.1...

Section 7-9-4.2 - Repealed. - Repeals. — Laws 1994, ch. 45, § 8A repealed 7-9-4.2...

Section 7-9-4.3 - Imposition and rate of tax; denomination as "governmental gross receipts tax". - For the privilege of engaging in certain activities by governments,...

Section 7-9-5 - Presumption of taxability. - A. To prevent evasion of the gross receipts tax and...

Section 7-9-6 - Separately stating the gross receipts tax. - A. Taxpayers subject to the Gross Receipts and Compensating Tax...

Section 7-9-7 - Imposition and rate of tax; denomination as "compensating tax". - A. For the privilege of making taxable use of tangible...

Section 7-9-7.1 - Department barred from taking collection actions with respect to certain tax liabilities. - The department shall take no action to enforce collection of...

Section 7-9-7.2 - Authority to establish standards for certified service providers. - A. The secretary is authorized to provide information, upon which...

Section 7-9-8 - Presumption of taxability and value. - A. To prevent evasion of the compensating tax and the...

Section 7-9-9 - Liability of user for payment of compensating tax. - Any person in New Mexico using property on the value...

Section 7-9-10 - Agents for collection of compensating tax; duties. - A. Every person carrying on or causing to be carried...

Section 7-9-11 - Date payment due. - The taxes imposed by the Gross Receipts and Compensating Tax...

Section 7-9-12 - Exemptions. - Exemptions from either the gross receipts tax or the compensating...

Section 7-9-12.1 - Repealed. - Repeals. — Laws 1990, ch. 41, § 10 repealed 7-9-12.1...

Section 7-9-13 - Exemption; gross receipts tax; governmental agencies. - A. Except as otherwise provided in this section, exempted from...

Section 7-9-13.1 - Exemption; gross receipts tax; certain services. - A. Exempted from the gross receipts tax are the receipts...

Section 7-9-13.2 - Exemption; governmental gross receipts tax; receipts subject to certain other taxes. - Exempted from the governmental gross receipts tax are receipts from...

Section 7-9-13.3 - Exemption; gross receipts tax and governmental gross receipts tax; stadium surcharge. - Exempted from the gross receipts tax and from the governmental...

Section 7-9-13.4 - Exemption; gross receipts tax; sale of textbooks from certain bookstores to enrolled students. - Exempted from the gross receipts tax are the receipts from...

Section 7-9-13.5 - Exemption; gross receipts tax and governmental gross receipts tax; event center surcharge. - Exempted from the gross receipts tax and from the governmental...

Section 7-9-14 - Exemption; compensating tax; governmental agencies; Indians. - A. Except as otherwise provided in this subsection, there is...

Section 7-9-15 - Exemption; compensating tax; certain organizations. - Exempted from the compensating tax is the use of property...

Section 7-9-16 - Exemption; gross receipts tax; certain nonprofit facilities. - Exempted from the gross receipts tax are the receipts of...

Section 7-9-17 - Exemption; gross receipts tax; wages. - Exempted from the gross receipts tax are the receipts of...

Section 7-9-18 - Exemption; gross receipts tax and governmental gross receipts tax; agricultural products. - A. Exempted from the gross receipts tax and from the...

Section 7-9-18.1 - Exemption; gross receipts tax; food stamps. - Exempted from the gross receipts tax are the receipts of...

Section 7-9-19 - Exemption; gross receipts tax; livestock feeding. - A. Exempted from the gross receipts tax are the receipts...

Section 7-9-20 - Exemption; gross receipts tax; certain receipts of homeowners associations. - Exempted from the gross receipts tax are those receipts of...

Section 7-9-21 - Repealed. - Repeals. — Laws 1981, ch. 37, § 97 repealed former...

Section 7-9-22 - Exemption; gross receipts tax; vehicles. - Exempted from the gross receipts tax are the receipts from...

Section 7-9-22.1 - Exemption; gross receipts tax; boats. - Exempted from the gross receipts tax are the receipts from...

Section 7-9-23 - Exemption; compensating tax; vehicles. - Exempted from the compensating tax is the use of vehicles...

Section 7-9-23.1 - Exemption; compensating tax; boats. - Exempted from the compensating tax is the use of boats...

Section 7-9-24 - Exemption; gross receipts tax; insurance companies. - Exempted from the gross receipts tax are the receipts of...

Section 7-9-25 - Exemption; gross receipts tax; dividends and interest. - Exempted from the gross receipts tax are the receipts received...

Section 7-9-26 - Exemption; gross receipts and compensating tax; fuel. - Exempted from the gross receipts and compensating tax are the...

Section 7-9-26.1 - Exemption; gross receipts tax and compensating tax; fuel for space vehicles. - A. Exempted from the gross receipts tax are the receipts...

Section 7-9-27 - Exemption; compensating tax; personal effects. - Exempted from the compensating tax is the use by an...

Section 7-9-28 - Exemption; gross receipts tax; occasional sale of property or services. - Exempted from the gross receipts tax are the receipts from...

Section 7-9-29 - Exemption; gross receipts tax; certain organizations; exceptions. - A. Exempted from the gross receipts tax are the receipts...

Section 7-9-30 - Exemption; compensating tax; railroad equipment, aircraft and space vehicles. - A. Exempted from the compensating tax is the use of...

Section 7-9-31 - Exemption; gross receipts and compensating tax; resale activities of an armed forces instrumentality. - Exempted from the gross receipts and compensating tax are the...

Section 7-9-32 - Exemption; gross receipts tax; oil and gas or mineral interests. - Exempted from the gross receipts tax are the receipts from...

Section 7-9-33 - Exemption; gross receipts tax; products subject to Oil and Gas Emergency School Tax Act. - A. Exempted from the gross receipts tax are receipts from...

Section 7-9-34 - Exemption; gross receipts tax; refiners and persons subject to Natural Gas Processors Tax Act. - A. Exempted from the gross receipts tax are receipts from...

Section 7-9-35 - Exemption; gross receipts tax; natural resources subject to Resources Excise Tax Act. - Exempted from the gross receipts tax are receipts from the...

Section 7-9-36 - Exemption; gross receipts tax; oil and gas consumed in the pipeline transportation of oil and gas products. - Exempted from the gross receipts tax are receipts from the...

Section 7-9-37 - Exemption; compensating tax; use of oil and gas in the pipeline transportation of oil and gas products. - Exempted from the compensating tax is the use of oil,...

Section 7-9-38 - Exemption; compensating tax; use of electricity in the production, conversion and transmission of electricity. - Exempted from the compensating tax is electricity used in the...

Section 7-9-38.1 - Exemption; gross receipts tax; interstate telecommunications services. - Exempted from the gross receipts tax are receipts from the...

Section 7-9-38.2 - Exemption; gross receipts tax; sale of certain telecommunications services. - Exempted from the gross receipts tax are receipts of a...

Section 7-9-39 - Exemption; gross receipts tax; fees from social organizations. - A. Exempted from the gross receipts tax are the receipts...

Section 7-9-40 - Exemption; gross receipts tax; purses and jockey remuneration at New Mexico racetracks; receipts from gross amounts wagered. - A. Exempted from the gross receipts tax are the receipts...

Section 7-9-41 - Exemption; gross receipts tax; religious activities. - Exempted from the gross receipts tax are the receipts of...

Section 7-9-41.1 - Exemption; gross receipts tax and governmental gross receipts tax; athletic facility surcharge. - Exempted from the gross receipts tax and from the governmental...

Section 7-9-41.2 - Deleted. - History: Laws 2007, ch. 172, § 13. Compiler's notes. —...

Section 7-9-41.3 - Exemption; receipts from sales by disabled street vendors. - A. Exempt from payment of the gross receipts tax are...

Section 7-9-41.4 - Exemption; officiating at New Mexico activities association-sanctioned school events. - Exempted from the gross receipts tax are the receipts from...

Section 7-9-41.5 - Exemption; nonprofit hospitals from local option gross receipts taxes. - A. Exempted from any local option gross receipts tax, but...

Section 7-9-41.6 - Exemption; gross receipts; certain health care providers from federal coronavirus aid, relief, and economic security act payments. - Exempted from the gross receipts tax are receipts of health...

Section 7-9-42 - Repealed. - Repeals. — Laws 1984, ch. 2, § 11, repealed 7-9-42...

Section 7-9-43 - Nontaxable transaction certificates and other evidence required to entitle persons to deductions. - A. Except as provided in Subsection B of this section,...

Section 7-9-43.1 - Nontaxable transaction certificates not required by liquor wholesalers. - Notwithstanding the provisions of Section 7-9-43 NMSA 1978, a liquor...

Section 7-9-44 - Repealed. - History: 1953 Comp., § 72-16A-13.1, enacted by Laws 1969, ch....

Section 7-9-45 - Deductions. - A. Receipts may only be deducted once from gross receipts...

Section 7-9-46 - Deduction; gross receipts tax; governmental gross receipts; sales to manufacturers. - A. Receipts from selling tangible personal property may be deducted...

Section 7-9-46 - Deduction; gross receipts; governmental gross receipts; sales to manufacturers and manufacturing service providers. (Effective January 1, 2022.) - A. Receipts from selling tangible personal property may be deducted...

Section 7-9-47 - Deduction; gross receipts tax; governmental gross receipts tax; sale of tangible personal property or licenses for resale. - Receipts from selling tangible personal property or licenses may be...

Section 7-9-48 - Deduction; gross receipts tax; governmental gross receipts; sale of a service for resale. - Receipts from selling a service for resale may be deducted...

Section 7-9-49 - Deduction; gross receipts tax; sale of tangible personal property and licenses for leasing. - A. Except as otherwise provided by Subsection B of this...

Section 7-9-50 - Deduction; gross receipts tax; lease for subsequent lease. - A. Except as provided otherwise in Subsection B of this...

Section 7-9-51 - Deduction; gross receipts tax; sale of construction material to persons engaged in the construction business. - A. Receipts from selling construction material may be deducted from...

Section 7-9-51.1 - Repealed. - Repeals. — Laws 1995, ch. 50, § 6, repealed 7-9-51.1...

Section 7-9-52 - Deduction; gross receipts tax; sale of construction services and construction-related services to persons engaged in the construction business. - A. Receipts from selling a construction service or a construction-related...

Section 7-9-52.1 - Deduction; gross receipts tax; lease of construction equipment to persons engaged in the construction business. - A. Receipts from leasing construction equipment may be deducted from...

Section 7-9-53 - Deduction; gross receipts tax; sale or lease of real property and lease of manufactured homes. - A. Receipts from the sale or lease of real property...

Section 7-9-54 - Deduction; gross receipts tax; governmental gross receipts tax; sales to governmental agencies. - A. Receipts from selling tangible personal property to the United...

Section 7-9-54.1 - Deduction; gross receipts from sale of aerospace services to certain organizations. - A. Receipts from performing or selling an aerospace service for...

Section 7-9-54.2 - Gross receipts; deduction; spaceport operation; space operations; launching, operating and recovering space vehicles or payloads; payload services; operationally responsive space program services. - A. Receipts from launching, operating or recovering space vehicles or...

Section 7-9-54.3 - Deduction; gross receipts tax; wind and solar generation equipment; sales to governments. - A. Receipts from selling wind generation equipment or solar generation...

Section 7-9-54.4 - Deduction; compensating tax; space-related test articles. - A. The value of space-related test articles used in New...

Section 7-9-54.5 - Deduction; compensating tax; test articles. - A. The value of test articles upon which research or...

Section 7-9-55 - Deduction; gross receipts tax; governmental gross receipts tax; transaction in interstate commerce. - A. Receipts from transactions in interstate commerce may be deducted...

Section 7-9-56 - Deduction; gross receipts tax; intrastate transportation and services in interstate commerce. - A. Receipts from transporting persons or property from one point...

Section 7-9-56.1 - Deduction; gross receipts tax; internet services. - On and after July 1, 1998, receipts from providing leased...

Section 7-9-56.2 - Deduction; gross receipts tax; hosting world wide web sites. - Receipts from hosting world wide web sites may be deducted...

Section 7-9-56.3 - Deduction; gross receipts; trade-support company in a border zone. - A. The receipts of a trade-support company may be deducted...

Section 7-9-57 - Deduction; gross receipts tax; sale of certain services to an out-of-state buyer. - A. Receipts from performing a service may be deducted from...

Section 7-9-57.1 - Repealed. - History: Laws 1998, ch. 92, § 3; repealed by Laws...

Section 7-9-57.2 - Deduction; gross receipts tax; sale of software development services. - A. To stimulate new business development, the receipts of an...

Section 7-9-58 - Deduction; gross receipts tax; feed; fertilizers. - A. Receipts from selling feed for livestock, including the baling...

Section 7-9-59 - Deduction; gross receipts tax; warehousing, threshing, harvesting, growing, cultivating and processing agricultural products; testing or transporting milk. - A. Receipts from warehousing grain or other agricultural products may...

Section 7-9-60 - Deduction; gross receipts tax; governmental gross receipts tax; sales to certain organizations. - A. Except as provided otherwise in Subsection B of this...

Section 7-9-61 - Repealed. - Repeals. — Laws 1981, ch. 37, § 97, repealed 7-9-61...

Section 7-9-61.1 - Deduction; gross receipts tax; certain receipts. - Receipts from charges made in connection with the origination, making...

Section 7-9-61.2 - Deduction; receipts from sales to state-chartered credit unions. - Receipts from selling tangible personal property to credit unions chartered...

Section 7-9-62 - Deduction; gross receipts tax; agricultural implements; aircraft manufacturers; vehicles that are not required to be registered; aircraft parts and maintenance services; reporting requirements. - A. Except for receipts deductible under Subsection B of this...

Section 7-9-62.1 - Deduction; gross receipts tax; aircraft sales and services; reporting requirements. - A. Receipts from the sale of or from maintaining, refurbishing,...

Section 7-9-63 - Deduction; gross receipts tax; publication sales. - Receipts from publishing newspapers or magazines, except from selling advertising...

Section 7-9-64 - Deduction; gross receipts tax; newspaper sales. - Receipts from selling newspapers, except from selling advertising space, may...

Section 7-9-65 - Deduction; gross receipts tax; chemicals and reagents. - Receipts from selling chemicals or reagents to any mining, milling...

Section 7-9-66 - Deduction; gross receipts tax; commissions. - A. Receipts derived from commissions on sales of tangible personal...

Section 7-9-66.1 - Deduction; gross receipts tax; certain real estate transactions. - A. Receipts from real estate commissions on that portion of...

Section 7-9-67 - Deduction; gross receipts tax; governmental gross receipts tax; refunds; uncollectible debts. - A. Refunds and allowances made to buyers or amounts written...

Section 7-9-68 - Deduction; gross receipts tax; warranty obligations. - Receipts of a dealer from furnishing goods or services to...

Section 7-9-69 - Deduction; gross receipts tax; administrative and accounting services. - A. Receipts of a business entity for administrative, managerial, accounting...

Section 7-9-70 - Deduction; gross receipts tax; rental or lease of vehicles used in interstate commerce. - Receipts from the rental or leasing of vehicles used in...

Section 7-9-71 - Deduction; gross receipts tax; trade-in allowance. - That portion of the receipts of a seller that is...

Section 7-9-72 - Repealed. - Repeals. — Laws 1993, ch. 30, § 28 repealed 7-9-72...

Section 7-9-73 - Deduction; gross receipts tax; governmental gross receipts; sale of prosthetic devices. - Receipts from selling prosthetic devices may be deducted from gross...

Section 7-9-73.1 - Deduction; gross receipts; governmental gross receipts; hospitals. - A. Sixty percent of the receipts of hospitals licensed by...

Section 7-9-73.2 - Deduction; gross receipts tax and governmental gross receipts tax; prescription drugs; oxygen; cannabis. - A. Receipts from the sale of prescription drugs and oxygen...

Section 7-9-73.3 - Deduction; gross receipts tax and governmental gross receipts tax; durable medical equipment; medical supplies. - A. Prior to July 1, 2030, receipts from the sale...

Section 7-9-74 - Deduction; gross receipts tax; sale of property used in the manufacture of jewelry. - Receipts from selling tangible personal property may be deducted from...

Section 7-9-75 - Deduction; gross receipts tax; sale of certain services performed directly on product manufactured. - Receipts from selling the service of combining or processing components...

Section 7-9-76 - Deduction; gross receipts tax; travel agents' commissions paid by certain entities. - Receipts of travel agents derived from commissions paid by maritime...

Section 7-9-76.1 - Deduction; gross receipts tax; certain manufactured homes. - Receipts from the resale of a manufactured home may be...

Section 7-9-76.2 - Deduction; gross receipts tax; films and tapes. - Receipts from the leasing or licensing of theatrical and television...

Section 7-9-77 - Deductions; compensating tax. - A. Fifty percent of the value of agricultural implements, farm...

Section 7-9-77.1 - Deduction; gross receipts tax; certain medical and health care services. - A. Receipts of a health care practitioner or an association...

Section 7-9-78 - Deductions; compensating tax; use of tangible personal property for leasing. - A. Except as provided otherwise in Subsection B of this...

Section 7-9-78.1 - Deduction; compensating tax; uranium enrichment plant equipment. - The value of equipment and replacement parts for that equipment...

Section 7-9-79 - Credit; compensating tax. - A. If, on property or services bought outside this state,...

Section 7-9-79.1 - Credit; gross receipts tax; services. - If on services performed outside the state a gross receipts...

Section 7-9-79.2 - Gross receipts tax; compensating tax; biodiesel blending facility tax credit. - A. A taxpayer who is a rack operator as defined...

Section 7-9-80 - Repealed. - Repeals. — Laws 1982, ch. 18, § 27, repealed 7-9-80...

Section 7-9-80.1 - Repealed. - Repeals. — Laws 1989, ch. 115, § 6A repealed 7-9-80.1,...

Section 7-9-81 - Repealed. - Repeals. — Laws 1989, ch. 115, § 6A repealed 7-9-81...

Section 7-9-82 - Repealed. - Repeals. — Laws 2004, ch. 116, § 7 repealed 7-9-82...

Section 7-9-83 - Deduction; gross receipts tax; jet fuel. - A. From July 1, 2003 through June 30, 2017, fifty-five...

Section 7-9-84 - Deduction; compensating tax; jet fuel. - A. From July 1, 2003 through June 30, 2017, fifty-five...

Section 7-9-85 - Deduction; gross receipts tax; certain organization fundraisers. - Receipts from not more than two fundraising events annually conducted...

Section 7-9-86 - Deduction; gross receipts tax; sales to qualified film production company. - A. Receipts from selling or leasing property and from performing...

Section 7-9-87 - Deduction; gross receipts tax; lottery retailer receipts. - Receipts of a lottery game retailer from selling lottery tickets...

Section 7-9-88 - Repealed. - Repeals. — Laws 2003, ch. 414, § 3 repealed 7-9-88...

Section 7-9-88.1 - Credit; gross receipts tax; tax paid to certain tribes. - A. If on a taxable transaction taking place on tribal...

Section 7-9-88.2 - Credit; gross receipts tax; tax paid to Navajo Nation on receipts from selling coal. - A. If on receipts from selling coal severed from Navajo...

Section 7-9-89 - Deduction; [gross receipts tax;] sales to certain accredited diplomats and missions. - Receipts from selling or leasing property to, or from performing...

Section 7-9-90 - Deductions; gross receipts tax; sales of uranium hexafluoride and enrichment of uranium. - A. Receipts from selling uranium hexafluoride and from providing the...

Section 7-9-91 - Deduction; compensating tax; contributions of inventory to certain organizations and governmental agencies. - A. Except as provided otherwise in Subsection D of this...

Section 7-9-92 - Deduction; gross receipts; sale of food at retail food store. - A. Receipts from the sale of food by a retail...

Section 7-9-93 - Deduction; gross receipts; certain receipts for services provided by health care practitioner or association of health care practitioners. - A. Receipts of a health care practitioner or an association...

Section 7-9-94 - Deduction; gross receipts; military transformational acquisition programs. - A. Receipts from transformational acquisition programs performing research and development,...

Section 7-9-95 - Deduction; gross receipts tax; sales of certain tangible personal property; limited period. - Receipts from the sale at retail of the following types...

Section 7-9-96 - Repealed. - History: Laws 2005, ch. 104, § 26; repealed by Laws...

Section 7-9-96.1 - Repealed. - History: Laws 2007, ch. 361, § 7; repealed by Laws...

Section 7-9-96.2 - Credit; gross receipts tax; unpaid charges for services provided in a hospital. - A. A licensed medical doctor, licensed osteopathic physician or association...

Section 7-9-96.3 - Technology readiness gross receipts tax credit; technology readiness gross receipts tax credit fund. (Repealed effective July 1, 2024.) - A. For taxable periods beginning July 1, 2020 and prior...

Section 7-9-97 - Deduction; gross receipts tax; receipts from certain purchases by or on behalf of the state. - Receipts from the sale of property or services purchased by...

Section 7-9-98 - Deduction; compensating tax; biomass-related equipment; biomass materials. - A. The value of a biomass boiler, gasifier, furnace, turbine-generator,...

Section 7-9-99 - Deduction; gross receipts tax; sale of engineering, architectural and new facility construction services used in construction of certain public health care facilities. - Receipts from selling an engineering, architectural or construction service used...

Section 7-9-100 - Deduction; gross receipts tax; sale of construction equipment and construction materials used in new facility construction of a sole community provider hospital [qualifying hospital] that is located in a federally designated health... - Receipts from selling construction equipment or construction materials used in...

Section 7-9-101 - Deduction; gross receipts; equipment for certain electric transmission or storage facilities. - Receipts from selling equipment to the New Mexico renewable energy...

Section 7-9-102 - Deduction; compensating tax; equipment for certain electric transmission or storage facilities. - The value of equipment installed as part of an electric...

Section 7-9-103 - Deduction; gross receipts; services provided for certain electric transmission and storage facilities. - Receipts from providing services to the New Mexico renewable energy...

Section 7-9-103.1 - Deduction; gross receipts tax; converting electricity. - A. Receipts from the transmission of electricity where voltage source...

Section 7-9-103.2 - Deduction; gross receipts; electricity exchange. - A. Receipts from operating a market or exchange for the...

Section 7-9-104 - Deduction; gross receipts; nonathletic special event at post-secondary educational institution. - Receipts received from July 1, 2007 through June 30, 2022...

Section 7-9-105 - Credit for penalty pursuant to Section 7-1-71.2 NMSA 1978 [repealed]. - A. A taxpayer who paid a penalty pursuant to the...

Section 7-9-106 - Deduction; construction services and equipment. - A. Prior to July 1, 2022, receipts from construction services...

Section 7-9-107 - Deduction; gross receipts tax; production or staging of professional contests. - Receipts from producing or staging a professional boxing, wrestling or...

Section 7-9-108 - Deduction; gross receipts; receipts from performing management or investment advisory services for mutual funds, hedge funds or real estate investment trusts. - A. Receipts from fees received for performing management or investment...

Section 7-9-109 - Deduction; gross receipts tax; veterinary medical services, medicine or medical supplies used in medical treatment of cattle. - A. Receipts from sales of veterinary medical services, medicine or...

Section 7-9-110 - Deleted. - History: Laws 2007, ch. 172, § 12. Compiler's notes. —...

Section 7-9-110.1 - Deduction; gross receipts tax; locomotive engine fuel. - Receipts from the sale of fuel to a common carrier...

Section 7-9-110.2 - Deduction; compensating tax; locomotive engine fuel. - The value of fuel to be loaded or used by...

Section 7-9-110.3 - Purpose and requirements of locomotive fuel deduction. - A. The purpose of the deduction on fuel loaded or...

Section 7-9-111 - Deduction; gross receipts; hearing aids and vision aids and related services. - A. Receipts that are not exempt from gross receipts taxation...

Section 7-9-112 - Deduction; gross receipts; solar energy systems. - A. Receipts from the sale and installation of solar energy...

Section 7-9-113 - Repealed. - History: Laws 2009, ch. 99, § 1; repealed by Laws...

Section 7-9-114 - Advanced energy deduction; gross receipts and compensating taxes. - A. Receipts from selling or leasing tangible personal property or...

Section 7-9-115 - Deduction; gross receipts tax; goods and services for the department of defense related to directed energy and satellites. - A. Prior to January 1, 2031, receipts from the sale...

Section 7-9-116 - Deduction; gross receipts tax; retail sales by certain businesses. - A. Prior to July 1, 2025, receipts from the sale...

Section 7-9-117 - Deduction; gross receipts; governmental gross receipts; marketplace seller. - A. A marketplace seller may deduct receipts for sales, leases...

Section 7-9-118 - Deduction; gross receipts; food or beverage establishments. - A. Beginning March 1, 2021 and prior to July 1,...

Section 7-9-119 - Deduction; sales made by dispenser's license holder. - A. Prior to January 1, 2026, a liquor license holder...

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2021 New Mexico Statutes Chapter 7 - Taxation Article 9 - Gross Receipts and Compensating Tax

2021 New Mexico Statutes
Chapter 7 - Taxation
Article 9 - Gross Receipts and Compensating Tax