New Mexico Statutes
§ 7-9-57.2 — Deduction; gross receipts tax; sale of software
New Mexico § 7-9-57.2
This text of New Mexico § 7-9-57.2 (Deduction; gross receipts tax; sale of software) 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. § 7-9-57.2 (2026).
Text
development services. A. To stimulate new business development, the receipts of an eligible software development company from the sale of software development services that are performed in a qualified area may be deducted from gross receipts. B. As used in this section:
(1)"eligible software development company" means a taxpayer who is not a successor in business of another taxpayer and whose primary business in New Mexico is established after the effective date of this section, is providing software development services and who had no business location in New Mexico other than in a qualified area during the period for which a deduction under this section is sought;
(2)"qualified area" means the state of New Mexico except for an incorporated municipality with a population of more than f
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Legislative History
Laws 2002, ch. 10, § 1.
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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 § 7-9-57.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-9-57.2.