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2015 New Mexico Statutes
Chapter 7 - Taxation
Section 9 Gross Receipts and Compensating Tax
Section 7-9-68 Deduction; gross receipts tax; warranty obligations.

NM Stat § 7-9-68 (2015) What's This?

7-9-68. Deduction; gross receipts tax; warranty obligations.

Receipts of a dealer from furnishing goods or services to the purchaser of tangible personal property to fulfill a warranty obligation of the manufacturer of the property may be deducted from gross receipts.

History: 1953 Comp., 72-16A-14.25, enacted by Laws 1969, ch. 144, 60.

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