New Mexico Statutes

§ 7-9-61.2 — Deduction; receipts from sales to state-chartered credit

New Mexico § 7-9-61.2
JurisdictionNew Mexico
Ch. 7Taxation
Art. 9Gross Receipts and Compensating Tax

This text of New Mexico § 7-9-61.2 (Deduction; receipts from sales to state-chartered credit) 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. § 7-9-61.2 (2026).

Text

unions. Receipts from selling tangible personal property to credit unions chartered under the provisions of the Credit Union Act [Chapter 58, Article 11 NMSA 1978] are deductible to the same extent that receipts from the sale of tangible personal property to federal credit unions may be deducted pursuant to the provisions of Section 7-9-54 NMSA 1978.

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Legislative History

1978 Comp., § 7-9-61.2, enacted by Laws 2000, ch. 48, § 1.

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Bluebook (online)
New Mexico § 7-9-61.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-9-61.2.