2017 New Mexico Statutes
Chapter 7 - Taxation
Article 9 - Gross Receipts and Compensating Tax
Section 7-9-13 - Exemption; gross receipts tax; governmental agencies.
7-9-13. Exemption; gross receipts tax; governmental agencies.
A. Except as otherwise provided in this section, exempted from the gross receipts tax are receipts of:
(1) the United States or any agency, department or instrumentality thereof;
(2) the state of New Mexico or any political subdivision thereof;
(3) any Indian nation, tribe or pueblo from activities or transactions occurring on its sovereign territory; or
(4) any foreign nation or agency, instrumentality or political subdivision thereof, but only when required by a treaty in force to which the United States is a party.
B. Receipts from the sale of gas or electricity by a utility owned or operated by a county, municipality or other political subdivision of a state are not exempted from the gross receipts tax.
C. Receipts from the operation of a cable television system owned or operated by a municipality are not exempted from the gross receipts tax.
History: 1953 Comp., 72-16A-12.1, enacted by Laws 1969, ch. 144, 6; 1991, ch. 8, 4; 1993, ch. 31, 3; 1993, ch. 208, 7; 1994, ch. 45, 2; 1998, ch. 89, 1.