2014 New Mexico Statutes
Chapter 7 - Taxation
Section 9 Gross Receipts and Compensating Tax
Section 7-9-38 Exemption; compensating tax; use of electricity in the production, conversion and transmission of electricity.

NM Stat § 7-9-38 (2014) What's This?
7-9-38. Exemption; compensating tax; use of electricity in the production, conversion and transmission of electricity.
Exempted from the compensating tax is electricity used in the production and transmission of electricity, including transmission using voltage source conversion technology.
History: 1953 Comp., 72-16A-12.26, enacted by Laws 1969, ch. 144, 31; 2012, ch. 12, 1.

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