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2019 New Mexico Statutes
Chapter 7 - Taxation
Article 9 - Gross Receipts and Compensating Tax
Section 7-9-68 - Deduction; gross receipts tax; warranty obligations.
Universal Citation: NM Stat § 7-9-68 (2019)
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.
ANNOTATIONSEffective dates. — Laws 1969, ch. 144, § 68 made Laws 1969, ch. 144, § 60 effective July 1, 1969.
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