New Mexico § 7-9-18.1 Exemption; gross receipts tax; supplemental nutrition

New Mexico Statutes

§ 7-9-18.1 — Exemption; gross receipts tax; supplemental nutrition

New Mexico § 7-9-18.1

Ch. 7Taxation

Art. 9Gross Receipts and Compensating Tax

This text of New Mexico § 7-9-18.1 (Exemption; gross receipts tax; supplemental nutrition) 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. § 7-9-18.1 (2026).

Text

assistance program benefits. Exempted from the gross receipts tax are the receipts of a taxpayer who is approved for participation in the supplemental nutrition assistance program authorized by U.S.C. Title 7, Chapter 51, as that chapter may be amended or renumbered, from the lawful acceptance and deposit with a financial institution of benefits issued by the United States department of agriculture pursuant to the supplemental nutrition assistance program.

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assistance program benefits. Exempted from the gross receipts tax are the receipts of a taxpayer who is approved for participation in the supplemental nutrition assistance program authorized by U.S.C. Title 7, Chapter 51, as that chapter may be amended or renumbered, from the lawful acceptance and deposit with a financial institution of benefits issued by the United States department of agriculture pursuant to the supplemental nutrition assistance program.