2019 New Mexico Statutes
Chapter 7 - Taxation
Article 9 - Gross Receipts and Compensating Tax
Section 7-9-59 - Deduction; gross receipts tax; warehousing, threshing, harvesting, growing, cultivating and processing agricultural products; testing or transporting milk.

A. Receipts from warehousing grain or other agricultural products may be deducted from gross receipts.

B. Receipts from threshing, cleaning, growing, cultivating or harvesting agricultural products, including the ginning of cotton, may be deducted from gross receipts.

C. Receipts from testing or transporting milk for the producer or nonprofit marketing association from the farm to a milk processing or dairy product manufacturing plant may be deducted from gross receipts.

D. Receipts from processing for growers, producers or nonprofit marketing associations of agricultural products raised for food and fiber, including livestock, may be deducted from gross receipts.

History: 1953 Comp., § 72-16A-14.14, enacted by Laws 1969, ch. 144, § 49; 1970, ch. 27, § 1; 2000, ch. 26, § 1; 2000, ch. 87, § 1; 2019, ch. 49, § 1.

The 2019 amendment, effective July 1, 2019, clarified the language allowing a gross receipts tax deduction for receipts from testing or transporting milk; in the section heading, added "testing or transporting milk"; in Subsection B, after "ginning of cotton", added "may be deducted from gross receipts"; in Subsection C, added "Receipts from", after "testing", deleted "and" and added "or", and after "manufacturing plant", deleted "or" and added "may be deducted from gross receipts"; and in Subsection D, added "Receipts from".

The 2000 amendment, effective July 1, 2000, inserted the provision that receipts from testing and transporting milk from the farm to the plant may be deducted from the gross receipts.

Duplicate laws. — Laws 2000, ch. 26, § 1 enacted identical amendments to this section. The section was set out as amended by Laws 2000, ch. 87, § 1. See 12-1-8 NMSA 1978.