New Mexico § 7-9-59 Deduction; gross receipts tax; warehousing, threshing,

New Mexico Statutes

§ 7-9-59 — Deduction; gross receipts tax; warehousing, threshing,

New Mexico § 7-9-59

Ch. 7Taxation

Art. 9Gross Receipts and Compensating Tax

This text of New Mexico § 7-9-59 (Deduction; gross receipts tax; warehousing, threshing,) 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. § 7-9-59 (2026).

Text

harvesting, growing, cultivating and processing agricultural products; testing or transporting milk.

A.Receipts from warehousing grain or other agricultural products may be deducted from gross receipts.

B.Receipts from threshing, cleaning, growing, cultivating or harvesting agricultural products, including the ginning of cotton, may be deducted from gross receipts.

C.Receipts from testing or transporting milk for the producer or nonprofit marketing association from the farm to a milk processing or dairy product manufacturing plant may be deducted from gross receipts.

D.Receipts from processing for growers, producers or nonprofit marketing associations of agricultural products raised for food and fiber, including livestock, may be deducted from gross receipts.

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harvesting, growing, cultivating and processing agricultural products; testing or transporting milk. A. Receipts from warehousing grain or other agricultural products may be deducted from gross receipts. B. Receipts from threshing, cleaning, growing, cultivating or harvesting agricultural products, including the ginning of cotton, may be deducted from gross receipts. C. Receipts from testing or transporting milk for the producer or nonprofit marketing association from the farm to a milk processing or dairy product manufacturing plant may be deducted from gross receipts. D. Receipts from processing for growers, producers or nonprofit marketing associations of agricultural products raised for food and fiber, including livestock, may be deducted from gross receipts.