2015 New Mexico Statutes
Chapter 7 - Taxation
Section 9 Gross Receipts and Compensating Tax
Section 7-9-28 Exemption; gross receipts tax; occasional sale of property or services.
7-9-28. Exemption; gross receipts tax; occasional sale of property or services.
Exempted from the gross receipts tax are the receipts from the isolated or occasional sale of or leasing of property or a service by a person who is neither regularly engaged nor holding himself out as engaged in the business of selling or leasing the same or similar property or service.
History: 1953 Comp., 72-16A-12.16, enacted by Laws 1969, ch. 144, 21.
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