Partnertax.ai
Start free trial →

NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-109

7-9-109

Official textnmonesource.comlast amended

Deduction; gross receipts tax; veterinary medical services, medicine or medical supplies used in medical treatment of cattle.

# A.

Receipts from sales of veterinary medical services, medicine or medical supplies used in the medical treatment of cattle may be deducted from gross receipts if the sale is made to a person who states in writing that the person is regularly engaged in the business of ranching or farming, including dairy farming, in New Mexico or if the sale is made to a veterinarian who holds a valid license pursuant to the Veterinary Practice Act [Chapter 61, Article 14 NMSA 1978] and who is providing veterinary medical services, medicine or medical supplies in the treatment of cattle owned by that person.

# B.

As used in this section, "cattle" means animals of the genus bos, including dairy cattle, and does not include any other kind of livestock.

Amendment history

Laws 2007, ch. 172, § 11.

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

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this article (40 sections)
  1. 7-9-91 · 7-9-91
  2. 7-9-92 · Deduction; gross receipts; sale of food at retail food store
  3. 7-9-93 · 7-9-93
  4. 7-9-94 · 7-9-94
  5. 7-9-95 · 7-9-95
  6. 7-9-96 · Repealed
  7. 7-9-96.1 · Repealed
  8. 7-9-96.2 · 7-9-96.2
  9. 7-9-96.3 · Technology readiness gross receipts tax credit
  10. 7-9-97 · 7-9-97
  11. 7-9-98 · 7-9-98
  12. 7-9-99 · 7-9-99
  13. 7-9-100 · 7-9-100
  14. 7-9-101 · 7-9-101
  15. 7-9-102 · 7-9-102
  16. 7-9-103 · 7-9-103
  17. 7-9-103.1 · Deduction; gross receipts tax; converting electricity
  18. 7-9-103.2 · Deduction; gross receipts; electricity exchange
  19. 7-9-104 · 7-9-104
  20. 7-9-105 · Repealed
  21. 7-9-106 · Repealed
  22. 7-9-107 · 7-9-107
  23. 7-9-108 · 7-9-108
  24. 7-9-109 · 7-9-109
  25. 7-9-110 · Deleted
  26. 7-9-110.1 · Deduction; gross receipts tax; locomotive engine fuel
  27. 7-9-110.2 · Deduction; compensating tax; locomotive engine fuel
  28. 7-9-110.3 · Purpose and requirements of locomotive fuel deduction
  29. 7-9-111 · 7-9-111
  30. 7-9-112 · Deduction; gross receipts; solar energy systems
  31. 7-9-112.1 · 7-9-112.1
  32. 7-9-113 · Repealed
  33. 7-9-114 · Repealed
  34. 7-9-115 · 7-9-115
  35. 7-9-116 · 7-9-116
  36. 7-9-117 · 7-9-117
  37. 7-9-118 · Repealed
  38. 7-9-119 · Deduction; sales made by dispenser's license holder
  39. 7-9-120 · 7-9-120
  40. 7-9-121 · 7-9-121
Full table of contents →