New Mexico Statutes
§ 7-9-26.1 — Exemption; gross receipts tax and compensating tax; fuel
New Mexico § 7-9-26.1
This text of New Mexico § 7-9-26.1 (Exemption; gross receipts tax and compensating tax; fuel) 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. § 7-9-26.1 (2026).
Text
for space vehicles.
A.Exempted from the gross receipts tax are the receipts from selling fuel, oxidizer or a substance that combines fuel and oxidizer to propel space vehicles or to operate space vehicle launchers.
B.Exempted from the compensating tax is the use of fuel, oxidizer or a substance that combines fuel and oxidizer to propel space vehicles or to operate space vehicle launchers.
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Legislative History
1978 Comp., § 7-9-26.1, enacted by Laws 2003, ch. 62, § 1.
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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; reversalsCite This Page — Counsel Stack
Bluebook (online)
New Mexico § 7-9-26.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-9-26.1.