New Mexico § 7-9-13 Exemption; gross receipts tax; governmental agencies

New Mexico Statutes

§ 7-9-13 — Exemption; gross receipts tax; governmental agencies

New Mexico § 7-9-13

Ch. 7Taxation

Art. 9Gross Receipts and Compensating Tax

This text of New Mexico § 7-9-13 (Exemption; gross receipts tax; governmental agencies) 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. § 7-9-13 (2026).

Text

A. Except as otherwise provided in this section, exempted from the gross receipts tax are receipts of:

(1)the United States or any agency, department or instrumentality thereof;

(2)the state of New Mexico or any political subdivision thereof;

(3)any Indian nation, tribe or pueblo from activities or transactions occurring on its sovereign territory; or (4) any foreign nation or agency, instrumentality or political subdivision thereof, but only when required by a treaty in force to which the United States is a party. B. Receipts from the sale of gas or electricity by a utility owned or operated by a county, municipality or other political subdivision of a state are not exempted from the gross receipts tax. C. Receipts from the operation of a cable television system owned or operated by a

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A. Except as otherwise provided in this section, exempted from the gross receipts tax are receipts of: (1) the United States or any agency, department or instrumentality thereof; (2) the state of New Mexico or any political subdivision thereof; (3) any Indian nation, tribe or pueblo from activities or transactions occurring on its sovereign territory; or (4) any foreign nation or agency, instrumentality or political subdivision thereof, but only when required by a treaty in force to which the United States is a party. B. Receipts from the sale of gas or electricity by a utility owned or operated by a county, municipality or other political subdivision of a state are not exempted from the gross receipts tax. C. Receipts from the operation of a cable television system owned or operated by a municipality are not exempted from the gross receipts tax.