2015 New Mexico Statutes
Chapter 7 - Taxation
Section 9 Gross Receipts and Compensating Tax
Section 7-9-22 Exemption; gross receipts tax; vehicles.
7-9-22. Exemption; gross receipts tax; vehicles.
Exempted from the gross receipts tax are the receipts from selling vehicles on which a tax is imposed by the Motor Vehicle Excise Tax Act [Chapter 7, Article 14 NMSA 1978], vehicles subject to registration under Section 66-3-16 NMSA 1978 and vehicles exempt from the motor vehicle excise tax pursuant to Subsection F of Section 7-14-6 NMSA 1978.
History: 1953 Comp., 72-16A-12.10, enacted by Laws 1969, ch. 144, 15; 1976 (S.S.), ch. 36, 2; 1981, ch. 184, 2; 1988, ch. 73, 8; 2004, ch. 66, 1.
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