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2019 New Mexico Statutes
Chapter 7 - Taxation
Article 9 - Gross Receipts and Compensating Tax
Section 7-9-61.2 - Deduction; receipts from sales to state-chartered credit unions.
Universal Citation: NM Stat § 7-9-61.2 (2019)
Receipts from selling tangible personal property to credit unions chartered under the provisions of the Credit Union Act [Chapter 58, Article 11 NMSA 1978] are deductible to the same extent that receipts from the sale of tangible personal property to federal credit unions may be deducted pursuant to the provisions of Section 7-9-54 NMSA 1978.
History: 1978 Comp., § 7-9-61.2, enacted by Laws 2000, ch. 48, § 1.
ANNOTATIONSEffective dates. — Laws 2000, ch. 48, § 2 made Laws 2000, ch. 48, § 1 effective July 1, 2000.
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