New Mexico Statutes

§ 7-9-84 — Deduction; compensating tax; jet fuel

New Mexico § 7-9-84
JurisdictionNew Mexico
Ch. 7Taxation
Art. 9Gross Receipts and Compensating Tax

This text of New Mexico § 7-9-84 (Deduction; compensating tax; jet fuel) 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. § 7-9-84 (2026).

Text

Forty percent of the value of the fuel specially prepared and sold for use in turboprop or jet-type engines as determined by the department may be deducted in computing the compensating tax due.

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Legislative History

Laws 1993, ch. 364, § 2; 2003, ch. 214, § 3; 2006, ch. 51, § 2; 2011, ch. 74, §

Nearby Sections

15
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Bluebook (online)
New Mexico § 7-9-84, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-9-84.