NMSA 1978, § 7-9-101 — 7-9-101

Deduction; gross receipts; equipment for certain electric
transmission or storage facilities.
Receipts from selling equipment to the New Mexico renewable energy transmission
authority or an agent or lessee of the authority may be deducted from gross receipts if
the equipment is installed as part of an electric transmission facility or an interconnected
storage facility acquired by the authority pursuant to the New Mexico Renewable
Energy Transmission Authority Act [Chapter 62, Article 16A NMSA 1978].