us-nm/stat

NMSA 1978, § 7-9-13 — Exemption; gross receipts tax; governmental agencies

A.

Except as otherwise provided in this section, exempted from the gross receipts
tax are receipts of:
(1) the United States or any agency, department or instrumentality thereof;
(2) the state of New Mexico or any political subdivision thereof;
(3) any Indian nation, tribe or pueblo from activities or transactions occurring
on its sovereign territory; or
(4) any foreign nation or agency, instrumentality or political subdivision
thereof, but only when required by a treaty in force to which the United States is a party.

B.

Receipts from the sale of gas or electricity by a utility owned or operated by a
county, municipality or other political subdivision of a state are not exempted from the
gross receipts tax.

C.

Receipts from the operation of a cable television system owned or operated by a
municipality are not exempted from the gross receipts tax.

Last amended: 1953 Comp., § 72-16A-12.1, enacted by Laws 1969, ch. 144, § 6; 1991, ch. 8, § 4; 1993, ch. 31, § 3; 1993, ch. 208, § 7; 1994, ch. 45, § 2; 1998, ch. 89, § 1.

Source: official text

NMSA 1978, § 7-9-13 — Exemption; gross receipts tax; governmental agencies

# A.

# B.

# C.

A.

B.

C.