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2019 New Mexico Statutes
Chapter 7 - Taxation
Article 9 - Gross Receipts and Compensating Tax
Section 7-9-78.1 - Deduction; compensating tax; uranium enrichment plant equipment.
Universal Citation: NM Stat § 7-9-78.1 (2019)
The value of equipment and replacement parts for that equipment may be deducted in computing the compensating tax due if the person uses the equipment and replacement parts to enrich uranium in a uranium enrichment plant.
History: Laws 1999, ch. 231, § 4.
ANNOTATIONSEffective dates. — Laws 1999, ch. 231, § 5 made Laws 1999, ch. 231, § 4 effective July 1, 1999.
Cross references. — For deduction of receipts from enriched uranium and enrichment of uranium, see 7-9-90 NMSA 1978.
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