There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 7: Taxation
Article 9: Gross Receipts and Compensating Tax, 7-9-1 through 7-9-114
Section 7-9-102: Deduction; compensating tax; equipment for certain electric transmission or storage facilities.
Universal Citation:
NM Stat § 7-9-102 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
7-9-102. Deduction; compensating tax; equipment for certain electric transmission or storage facilities.
The value of equipment installed as part of an electric transmission facility or an interconnected storage facility acquired by the New Mexico renewable energy transmission authority pursuant to the New Mexico Renewable Energy Transmission Authority Act [62-16A-1 NMSA 1978] may be deducted in computing compensating tax due.
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