New Mexico Statutes
§ 7-9-19 — Exemption; gross receipts tax; livestock feeding
A.Exempted from the gross receipts tax are the receipts of any person derived from feeding or pasturing livestock.
B.Receipts derived from penning or handling livestock prior to sale are receipts derived from feeding livestock for the purposes of this section.
C.Receipts derived from training livestock are receipts derived from feeding livestock for the purposes of this section.
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Legislative History
1953 Comp., § 72-16A-12.7, enacted by Laws 1969, ch. 144, § 12; 1974, ch.
Nearby Sections
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§ 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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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