There Is a Newer Version of the New Mexico Statutes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 7-9-31: Exemption; gross receipts and compensating tax; resale activities of an armed forces instrumentality.
NM Stat § 7-9-31 (1996 through 1st Sess 50th Legis) What's This?
7-9-31. Exemption; gross receipts and compensating tax; resale activities of an armed forces instrumentality.
Exempted from the gross receipts and compensating tax are the receipts from selling tangible personal property and the use of property by any instrumentality of the armed forces of the United States engaged in resale activities.
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