New Mexico § 7-14A-8 Deduction; trade-in allowance

New Mexico Statutes

§ 7-14A-8 — Deduction; trade-in allowance

New Mexico § 7-14A-8

Ch. 7Taxation

Art. 14ALeased Vehicle Gross Receipts Tax

This text of New Mexico § 7-14A-8 (Deduction; trade-in allowance) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 7-14A-8 (2026).

Text

Receipts represented by allowances granted for vehicle trade-ins may be deducted from gross receipts.

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Legislative History

Laws 1991, ch. 197, § 12.

Nearby Sections

15

§ 7-1-1

Short title

§ 7-1-10

Records required by statute; taxpayer records; accounting

§ 7-1-11

Inspection of books of taxpayers; exception for marketplace

§ 7-1-11.1

Managed audits

§ 7-1-11.2

Required audit notices

§ 7-1-12

Identification of taxpayers

§ 7-1-12.1

Department to designate production unit; index;

§ 7-1-12.2

Notice of identification number assigned; operator may

§ 7-1-13

Taxpayer returns; payment of taxes; extension of time

§ 7-1-13.1

Method of payment of certain taxes due

§ 7-1-13.2

Repealed

§ 7-1-13.3

Repealed

§ 7-1-13.4

Electronic payments; reversals

§ 7-1-14

Reporting location instructions for purposes of reporting

§ 7-1-15

Secretary may set tax reporting and payment intervals

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Bluebook (online)

New Mexico § 7-14A-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-14A-8.