NMSA 1978, § 7-9-102 — 7-9-102

Deduction; compensating tax; equipment for certain
electric transmission or storage facilities.
The value of equipment installed as part of an electric transmission facility or an
interconnected storage facility acquired by the New Mexico renewable energy
transmission authority pursuant to the New Mexico Renewable Energy Transmission
Authority Act [Chapter 62, Article 16A NMSA 1978] may be deducted in computing
compensating tax due.