New Mexico Statutes

§ 7-9-38 — Exemption; compensating tax; use of electricity in the

New Mexico·Ch. 7 Taxation·Art. 9 Gross Receipts and Compensating Tax
production, conversion and transmission of electricity. Exempted from the compensating tax is electricity used in the production and transmission of electricity, including transmission using voltage source conversion technology.

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Legislative History

1953 Comp., § 72-16A-12.26, enacted by Laws 1969, ch. 144, § 31; 2012, ch.

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