New Mexico Statutes

§ 7-9-25 — Exemption; gross receipts tax; dividends and interest

New Mexico·Ch. 7 Taxation·Art. 9 Gross Receipts and Compensating Tax
Exempted from the gross receipts tax are the receipts received as interest on money loaned or deposited, receipts received as dividends or interest from stocks, bonds or securities or receipts from the sale of stocks, bonds or securities.

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Legislative History

1953 Comp., § 72-16A-12.13, enacted by Laws 1969, ch. 144, § 18.

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