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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-19D-5

Specific exemptions

Official textnmonesource.comlast amended

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  11. 7-19D-10 · Repealed
  12. 7-19D-11 · Repealed
  13. 7-19D-12 · Repealed
  14. 7-19D-13 · Repealed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  19. 7-19D-18 · Repealed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
Full table of contents →