Partnertax.ai
Start free trial →

NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-119

Deduction; sales made by dispenser's license holder

Official textnmonesource.comlast amended

# A.

Prior to January 1, 2026, a liquor license holder who held the license on June 30, 2021 may deduct from gross receipts the following receipts, for each dispenser's license for which sales of alcoholic beverages for consumption off premises are less than fifty percent of total alcoholic beverage sales, up to fifty thousand dollars ($50,000) of receipts from the sale of alcoholic beverages for taxable years 2022 through 2025.

# B.

A taxpayer allowed a deduction pursuant to this section shall report the amount of the deduction separately in a manner required by the department.

# C.

The deduction provided by this section shall be included in the tax expenditure budget pursuant to Section 7-1-84 NMSA 1978 with an analysis of the cost of the deduction.

# D.

As used in this section:

# (1)

"alcoholic beverage" means alcoholic beverage as defined in the Liquor
Control Act ;

# (2)

"dispenser's license" means a license issued pursuant to the provisions of the Liquor Control Act [Chapter 60, Articles 3A, 5A, 6A, 6B, 6C, 6E, 7A, 7B and 8A NMSA 1978] allowing the licensee to sell, offer for sale or have in the person's possession with the intent to sell alcoholic beverages both by the drink for consumption on the licensed premises and in unbroken packages, including growlers, for consumption and not for resale off the licensed premises;

# (3)

"growler" means a clean, refillable, resealable container that has a liquid capacity that does not exceed one gallon and that is intended and used for the sale of beer, wine or cider; and

# (4)

"liquor license holder" means a person that holds a retailer's license issued pursuant to Section 60-6A-2 NMSA 1978, a special dispenser's license issued pursuant to Section 60-6A-3 NMSA 1978 or a dispenser's license issued pursuant to Section 60-6A-12 NMSA 1978 issued prior to July 1, 2021.

Amendment history

Laws 2021, ch. 7, § 3; 2025, ch. 130, § 90.

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  6. 7-9-96 · Repealed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 →