New Mexico Statutes

§ 7-9-36 — Exemption; gross receipts tax; oil and gas consumed in the

New Mexico·Ch. 7 Taxation·Art. 9 Gross Receipts and Compensating Tax
pipeline transportation of oil and gas products. Exempted from the gross receipts tax are receipts from the sale of oil, natural gas, liquid hydrocarbon or any combination thereof consumed as fuel in the pipeline transportation of such products.

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Legislative History

1953 Comp., § 72-16A-12.24, enacted by Laws 1969, ch. 144, § 29.

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