New Mexico Statutes

§ 7-9-63 — Deduction; gross receipts tax; publication sales

New Mexico·Ch. 7 Taxation·Art. 9 Gross Receipts and Compensating Tax
Receipts from publishing newspapers or magazines, except from selling advertising space, may be deducted from gross receipts. Receipts from selling magazines at retail may not be deducted from gross receipts.

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Legislative History

1953 Comp., § 72-16A-14.18, enacted by Laws 1969, ch. 144, § 53.

Nearby Sections

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