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2019 New Mexico Statutes
Chapter 7 - Taxation
Article 9 - Gross Receipts and Compensating Tax
Section 7-9-13.4 - Exemption; gross receipts tax; sale of textbooks from certain bookstores to enrolled students.
Universal Citation: NM Stat § 7-9-13.4 (2019)
Exempted from the gross receipts tax are the receipts from the sale of textbooks and other materials that are required for courses at a public post-secondary educational institution if the sale is by a bookstore located on the campus of the institution and operated pursuant to a contractual agreement with that institution and the sale is to a student enrolled at the institution who displays a valid student identification card.
History: Laws 2002, ch. 20, § 1.
ANNOTATIONSEffective dates. — Laws 2002, ch. 20, § 2 made Laws 2002, ch. 20, § 1 effective July 1, 2002.
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