NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-12A-5
Deduction; interstate sales
Official textnmonesource.comlast amended
The product value of tobacco products sold and shipped or given and shipped to a person in another state may be deducted from the product value subject to the tax imposed by the Tobacco Products Tax Act; provided that the department may require the person to submit proof satisfactory to the department that the tobacco products have been sold and shipped or given and shipped to a person in another state.
Amendment history
1978 Comp., § 7-12A-5, enacted by Laws 1986, ch. 112, § 6.
Source: official source (NMSA chapter on nmonesource.com)
In this article (10 sections)
- 7-12A-1 · Short title
- 7-12A-2 · Definitions
- 7-12A-3 · 7-12A-3
- 7-12A-4 · Exemption; tobacco products tax
- 7-12A-5 · Deduction; interstate sales
- 7-12A-6 · Refund or credit of tax
- 7-12A-7 · 7-12A-7
- 7-12A-8 · 7-12A-8
- 7-12A-9 · Penalties
- 7-12A-10 · Prohibition