New Mexico Statutes
§ 7-9-32 — Exemption; gross receipts tax; oil and gas or mineral
New Mexico § 7-9-32
This text of New Mexico § 7-9-32 (Exemption; gross receipts tax; oil and gas or mineral) 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. § 7-9-32 (2026).
Text
interests. Exempted from the gross receipts tax are the receipts from the sale of or leasing of oil, natural gas or mineral interests.
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Legislative History
1953 Comp., § 72-16A-12.20, enacted by Laws 1969, ch. 144, § 25.
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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 § 7-9-32, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-9-32.