New Mexico Statutes
§ 7-9-70 — Deduction; gross receipts tax; rental or lease of vehicles
New Mexico § 7-9-70
This text of New Mexico § 7-9-70 (Deduction; gross receipts tax; rental or lease of vehicles) 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. § 7-9-70 (2026).
Text
used in interstate commerce. Receipts from the rental or leasing of vehicles used in the transportation of passengers or property for hire in interstate commerce under the regulations or authorization of any agency of the United States may be deducted.
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Legislative History
1953 Comp., § 72-16A-14.27, enacted by Laws 1969, ch. 144, § 62.
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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 § 7-9-70, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-9-70.