New Mexico Statutes
§ 7-9-13 — Exemption; gross receipts tax; governmental agencies
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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Legislative History
1953 Comp., § 72-16A-12.1, enacted by Laws 1969, ch. 144, § 6; 1991, ch. 8,
Nearby Sections
15
§ 7-1-1
Short title§ 7-1-11.1
Managed audits§ 7-1-11.2
Required audit notices§ 7-1-12
Identification of taxpayers§ 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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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