There is a newer version of the New Mexico Statutes
2014 New Mexico Statutes
Chapter 7 - Taxation
Section 14A Leased Vehicle Gross Receipts Tax
Section 7-14A-8 Deduction; trade-in allowance.
NM Stat § 7-14A-8 (2014) What's This?
7-14A-8. Deduction; trade-in allowance.
Receipts represented by allowances granted for vehicle trade-ins may be deducted from gross receipts.
History: Laws 1991, ch. 197, 12.
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