New Mexico Statutes
§ 7-9-97 — Deduction; gross receipts tax; receipts from certain
purchases by or on behalf of the state. Receipts from the sale of property or services purchased by or on behalf of the state from funds obtained from the forfeiture of financial assurance pursuant to the New Mexico Mining Act [Chapter 69, Article 36 NMSA 1978] or the forfeiture of financial responsibility pursuant to the Water Quality Act [Chapter 74, Article 6 NMSA 1978] may be deducted from gross receipts.
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New Mexico § 7-9-97 (Deduction; gross receipts tax; receipts from certain) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 2005, ch. 169, § 1.
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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; reversals