NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-9-12
Exemptions
Official textnmonesource.comlast amended
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)
In this article (40 sections)
- 7-9-2 · Purpose
- 7-9-3 · Definitions
- 7-9-3.1 · Repealed
- 7-9-3.2 · Additional definition
- 7-9-3.3 · Definition; engaging in business
- 7-9-3.4 · 7-9-3.4
- 7-9-3.5 · Definition; gross receipts
- 7-9-4 · 7-9-4
- 7-9-4.1 · Repealed
- 7-9-4.2 · Repealed
- 7-9-4.3 · 7-9-4.3
- 7-9-5 · Presumption of taxability
- 7-9-6 · Separately stating the gross receipts tax
- 7-9-7 · 7-9-7
- 7-9-7.1 · 7-9-7.1
- 7-9-7.2 · 7-9-7.2
- 7-9-8 · Presumption of taxability and value
- 7-9-9 · Liability of user for payment of compensating tax
- 7-9-10 · Repealed
- 7-9-11 · Date payment due
- 7-9-12 · Exemptions
- 7-9-12.1 · Repealed
- 7-9-13 · Exemption; gross receipts tax; governmental agencies
- 7-9-13.1 · Exemption; gross receipts tax; certain services
- 7-9-13.2 · 7-9-13.2
- 7-9-13.3 · 7-9-13.3
- 7-9-13.4 · 7-9-13.4
- 7-9-13.5 · 7-9-13.5
- 7-9-14 · 7-9-14
- 7-9-15 · Exemption; compensating tax; certain organizations
- 7-9-16 · Repealed
- 7-9-17 · Exemption; gross receipts tax; wages
- 7-9-18 · 7-9-18
- 7-9-18.1 · 7-9-18.1
- 7-9-19 · Exemption; gross receipts tax; livestock feeding
- 7-9-20 · 7-9-20
- 7-9-21 · Repealed
- 7-9-22 · Exemption; gross receipts tax; vehicles
- 7-9-22.1 · Exemption; gross receipts tax; boats
- 7-9-23 · Exemption; compensating tax; vehicles