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NMSA 1978, § 7-9-12

Exemptions

Official textNMSA 1978 Chapter 7 — Taxationnmonesource.comlast amended
Summarize

Exemptions from either the gross receipts tax or the compensating tax are not exemptions from both taxes unless explicitly stated otherwise by law.

Amendment history

1978 Comp., § 7-9-12, enacted by Laws 1969, ch. 144, § 5; 1970, ch. 60, § 1; 1972, ch. 61, § 1; 1973, ch. 67, § 1; 1984, ch. 2, § 2; 2017 (1st S.S.), ch. 3, § 14.

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

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In this article (40 sections)
  1. 7-9-2 · Purpose
  2. 7-9-3 · Definitions
  3. 7-9-3.1 · Repealed
  4. 7-9-3.2 · Additional definition
  5. 7-9-3.3 · Definition; engaging in business
  6. 7-9-3.4 · 7-9-3.4
  7. 7-9-3.5 · Definition; gross receipts
  8. 7-9-4 · 7-9-4
  9. 7-9-4.1 · Repealed
  10. 7-9-4.2 · Repealed
  11. 7-9-4.3 · 7-9-4.3
  12. 7-9-5 · Presumption of taxability
  13. 7-9-6 · Separately stating the gross receipts tax
  14. 7-9-7 · 7-9-7
  15. 7-9-7.1 · 7-9-7.1
  16. 7-9-7.2 · 7-9-7.2
  17. 7-9-8 · Presumption of taxability and value
  18. 7-9-9 · Liability of user for payment of compensating tax
  19. 7-9-10 · Repealed
  20. 7-9-11 · Date payment due
  21. 7-9-12 · Exemptions
  22. 7-9-12.1 · Repealed
  23. 7-9-13 · Exemption; gross receipts tax; governmental agencies
  24. 7-9-13.1 · Exemption; gross receipts tax; certain services
  25. 7-9-13.2 · 7-9-13.2
  26. 7-9-13.3 · 7-9-13.3
  27. 7-9-13.4 · 7-9-13.4
  28. 7-9-13.5 · 7-9-13.5
  29. 7-9-14 · 7-9-14
  30. 7-9-15 · Exemption; compensating tax; certain organizations
  31. 7-9-16 · Repealed
  32. 7-9-17 · Exemption; gross receipts tax; wages
  33. 7-9-18 · 7-9-18
  34. 7-9-18.1 · 7-9-18.1
  35. 7-9-19 · Exemption; gross receipts tax; livestock feeding
  36. 7-9-20 · 7-9-20
  37. 7-9-21 · Repealed
  38. 7-9-22 · Exemption; gross receipts tax; vehicles
  39. 7-9-22.1 · Exemption; gross receipts tax; boats
  40. 7-9-23 · Exemption; compensating tax; vehicles
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