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2014 New Mexico Statutes
Chapter 7 - Taxation
Section 9 Gross Receipts and Compensating Tax
Section 7-9-25 Exemption; gross receipts tax; dividends and interest.

NM Stat § 7-9-25 (2014) What's This?
7-9-25. Exemption; gross receipts tax; dividends and interest.
Exempted from the gross receipts tax are the receipts received as interest on money loaned or deposited, receipts received as dividends or interest from stocks, bonds or securities or receipts from the sale of stocks, bonds or securities.
History: 1953 Comp., 72-16A-12.13, enacted by Laws 1969, ch. 144, 18.

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