New Mexico § 7-9-30 Exemption; compensating tax; railroad equipment, aircraft

New Mexico Statutes

§ 7-9-30 — Exemption; compensating tax; railroad equipment, aircraft

New Mexico § 7-9-30

Ch. 7Taxation

Art. 9Gross Receipts and Compensating Tax

This text of New Mexico § 7-9-30 (Exemption; compensating tax; railroad equipment, aircraft) 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. § 7-9-30 (2026).

Text

and space vehicles.

A.Exempted from the compensating tax is the use of railroad locomotives, trailers, containers, tenders or cars procured or bought for use in railroad transportation.

B.Exempted from the compensating tax is the use of commercial aircraft bought or leased primarily for use in the transportation of passengers or property for hire in interstate commerce.

C.Exempted from the compensating tax is the use of space vehicles for transportation of persons or property in, to or from space.

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and space vehicles. A. Exempted from the compensating tax is the use of railroad locomotives, trailers, containers, tenders or cars procured or bought for use in railroad transportation. B. Exempted from the compensating tax is the use of commercial aircraft bought or leased primarily for use in the transportation of passengers or property for hire in interstate commerce. C. Exempted from the compensating tax is the use of space vehicles for transportation of persons or property in, to or from space.