NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-14A-7
Deduction; transactions in interstate commerce
Official textnmonesource.comlast amended
Receipts from transactions in interstate commerce may be deducted from gross receipts to the extent that the imposition of the leased vehicle gross receipts tax would be unlawful under the United States constitution.
Amendment history
Laws 1991, ch. 197, § 11.
Source: official source (NMSA chapter on nmonesource.com)
In this article (12 sections)
- 7-14A-1 · Short title
- 7-14A-2 · Definitions
- 7-14A-3 · 7-14A-3
- 7-14A-3.1 · Imposition and rate; leased vehicle surcharge
- 7-14A-4 · Presumption of taxability
- 7-14A-5 · Separately stating the leased vehicle gross receipts tax
- 7-14A-6 · Date payment due
- 7-14A-7 · Deduction; transactions in interstate commerce
- 7-14A-8 · Deduction; trade-in allowance
- 7-14A-9 · Repealed
- 7-14A-10 · Distribution of proceeds
- 7-14A-11 · Administration