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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-120

7-9-120

Official textnmonesource.comlast amended

Deduction; gross receipts and governmental gross receipts; feminine hygiene products.

# A.

Receipts from the sale of feminine hygiene products may be deducted from gross receipts and governmental gross receipts.

# 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 department shall compile an annual report on the deduction provided by this section that shall include the number of taxpayers that claimed the deduction, the aggregate amount of deductions claimed and any other information necessary to evaluate the effectiveness of the deduction. The department shall present the report to the revenue stabilization and tax policy committee and the legislative finance committee with an analysis of the cost of the deduction.

# D.

As used in this section, "feminine hygiene products" means tampons, menstrual pads and sanitary napkins, pantiliners, menstrual sponges and menstrual cups.

Amendment history

Laws 2022, ch. 47, § 15.

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  6. 7-9-96 · Repealed
  7. 7-9-96.1 · Repealed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  20. 7-9-105 · Repealed
  21. 7-9-106 · Repealed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  32. 7-9-113 · Repealed
  33. 7-9-114 · Repealed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