New Mexico Statutes
§ 7-9-28 — Exemption; gross receipts tax; occasional sale of property
New Mexico § 7-9-28
This text of New Mexico § 7-9-28 (Exemption; gross receipts tax; occasional sale of property) 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. § 7-9-28 (2026).
Text
or services. Exempted from the gross receipts tax are the receipts from the isolated or occasional sale of or leasing of property or a service by a person who is neither regularly engaged nor holding himself out as engaged in the business of selling or leasing the same or similar property or service.
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Legislative History
1953 Comp., § 72-16A-12.16, enacted by Laws 1969, ch. 144, § 21.
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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 § 7-9-28, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-9-28.