New Mexico Statutes
§ 7-9-87 — Deduction; gross receipts tax; lottery retailer receipts
New Mexico § 7-9-87
This text of New Mexico § 7-9-87 (Deduction; gross receipts tax; lottery retailer receipts) 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. § 7-9-87 (2026).
Text
Receipts of a lottery game retailer from selling lottery tickets pursuant to the New Mexico Lottery Act [Chapter 6, Article 24 NMSA 1978] may be deducted from gross receipts.
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Legislative History
Laws 1995, ch. 155, § 35.
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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 § 7-9-87, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-9-87.