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NMSA 1978, § 7-19D-5

Specific exemptions

Official textNMSA 1978 Chapter 7 — Taxationnmonesource.comlast amended
Summarize

No tax authorized by the provisions of the Municipal Local Option Gross Receipts and Compensating Taxes Act shall be imposed on the gross receipts arising from a business located outside the boundaries of a municipality on land owned by that municipality for which a state gross receipts tax distribution is made pursuant to Section 7-1-6.4 NMSA 1978.

Amendment history

1978 Comp., § 7-19D-5, enacted by Laws 1993, ch. 346, § 5; 1994, ch. 101, § 3; 2019, ch. 270, § 48; 2025, ch. 130, § 107.

Source: official source (NMSA chapter on nmonesource.com)

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In this article (20 sections)
  1. 7-19D-1 · Short title
  2. 7-19D-2 · Definitions
  3. 7-19D-3 · Effective date of ordinance
  4. 7-19D-4 · 7-19D-4
  5. 7-19D-5 · Specific exemptions
  6. 7-19D-6 · Copy of ordinance to be submitted to department
  7. 7-19D-7 · Collection by department
  8. 7-19D-8 · 7-19D-8
  9. 7-19D-9 · Municipal gross receipts tax; authority to impose rate
  10. 7-19D-9.1 · Municipal compensating tax
  11. 7-19D-10 · Repealed
  12. 7-19D-11 · Repealed
  13. 7-19D-12 · Repealed
  14. 7-19D-13 · Repealed
  15. 7-19D-14 · 7-19D-14
  16. 7-19D-15 · 7-19D-15
  17. 7-19D-16 · Municipal higher education facilities gross receipts tax
  18. 7-19D-17 · 7-19D-17
  19. 7-19D-18 · Repealed
  20. 7-19D-19 · Municipal flood recovery gross receipts tax
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