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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-112

Deduction; gross receipts; solar energy systems

Official textnmonesource.comlast amended

# A.

Receipts from the sale and installation of solar energy systems may be deducted from gross receipts.

# B.

As used in this section, "solar energy system" means an installation that is used to provide space heat, hot water or electricity to the property in which it is installed and is:

# (1)

an installation that utilizes solar panels that are not also windows, including the solar panels and all equipment necessary for the installation and operation of the solar panels;

# (2)

a dark-colored water tank exposed to sunlight, including all equipment necessary for the installation and operation of the water tank as a part of the overall water system of the property; or

# (3)

a non-vented trombe wall, including all equipment necessary for the installation and operation of the trombe wall.

Amendment history

Laws 2007, ch. 204, § 10.

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

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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  6. 7-9-96 · Repealed
  7. 7-9-96.1 · Repealed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  20. 7-9-105 · Repealed
  21. 7-9-106 · Repealed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  32. 7-9-113 · Repealed
  33. 7-9-114 · Repealed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  37. 7-9-118 · Repealed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 →