New Mexico Statutes

§ 7-9-95 — Deduction; gross receipts tax; sales of certain tangible

New Mexico § 7-9-95
JurisdictionNew Mexico
Ch. 7Taxation
Art. 9Gross Receipts and Compensating Tax

This text of New Mexico § 7-9-95 (Deduction; gross receipts tax; sales of certain tangible) 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. § 7-9-95 (2026).

Text

personal property; limited period. Receipts from the sale at retail of the following types of tangible personal property may be deducted if the sale of the property occurs during the period beginning at 12:01 a.m. on the last Friday in July and ending at midnight on the following Sunday: A. an article of clothing or footwear designed to be worn on or about the human body if the sales price of the article is less than one hundred dollars ($100) except:

(1)any special clothing or footwear that is primarily designed for athletic activity or protective use and that is not normally worn except when used for the athletic activity or protective use for which it is designed; and (2) accessories, including jewelry, handbags, luggage, umbrellas, wallets, watches and similar items worn or carried on

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Legislative History

Laws 2005, ch. 104, § 25; 2025, ch. 130, § 83.

Nearby Sections

15
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Bluebook (online)
New Mexico § 7-9-95, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-9-95.