There Is a Newer Version
of
the New Mexico Statutes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 7-9-19: Exemption; gross receipts tax; livestock feeding.
Universal Citation:
NM Stat § 7-9-19 (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.
7-9-19. Exemption; gross receipts tax; livestock feeding.
A. Exempted from the gross receipts tax are the receipts of any person derived from feeding or pasturing livestock.
B. Receipts derived from penning or handling livestock prior to sale are receipts derived from feeding livestock for the purposes of this section.
C. Receipts derived from training livestock are receipts derived from feeding livestock for the purposes of this section.
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