New Mexico Statutes
§ 7-9-31 — Exemption; gross receipts and compensating tax; resale
activities of an armed forces instrumentality. Exempted from the gross receipts and compensating tax are the receipts from selling tangible personal property and the use of property by any instrumentality of the armed forces of the United States engaged in resale activities.
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Legislative History
1953 Comp., § 72-16A-12.19, enacted by Laws 1969, ch. 144, § 24.
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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; reversals