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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-14

7-9-14

Official textnmonesource.comlast amended

Exemption; compensating tax; governmental agencies;
Indians.

# A.

Except as otherwise provided in this subsection, there is exempted from the compensating tax the use of property and services by the United States or the state of New Mexico or any governmental unit or subdivision, agency, department or instrumentality thereof. The exemption provided by this subsection does not apply to:

# (1)

the use of property that is or will be incorporated into a metropolitan redevelopment project under the Metropolitan Redevelopment Code [Chapter 3, Article 60A NMSA 1978]; or

# (2)

the use of construction material.

# B.

Exempted from the compensating tax is the use of property by any Indian nation, tribe or pueblo or any governmental unit, subdivision, agency, department or instrumentality thereof on Indian reservations or pueblo grants.

Amendment history

1953 Comp., § 72-16A-12.2, enacted by Laws 1969, ch. 144, § 7; 1985, ch. 225, § 3; 1990, ch. 41, § 3; 1993, ch. 31, § 5; 2001, ch. 343, § 2; 2023, ch. 85, § 11.

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

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In this article (40 sections)
  1. 7-9-4.1 · Repealed
  2. 7-9-4.2 · Repealed
  3. 7-9-4.3 · 7-9-4.3
  4. 7-9-5 · Presumption of taxability
  5. 7-9-6 · Separately stating the gross receipts tax
  6. 7-9-7 · 7-9-7
  7. 7-9-7.1 · 7-9-7.1
  8. 7-9-7.2 · 7-9-7.2
  9. 7-9-8 · Presumption of taxability and value
  10. 7-9-9 · Liability of user for payment of compensating tax
  11. 7-9-10 · Repealed
  12. 7-9-11 · Date payment due
  13. 7-9-12 · Exemptions
  14. 7-9-12.1 · Repealed
  15. 7-9-13 · Exemption; gross receipts tax; governmental agencies
  16. 7-9-13.1 · Exemption; gross receipts tax; certain services
  17. 7-9-13.2 · 7-9-13.2
  18. 7-9-13.3 · 7-9-13.3
  19. 7-9-13.4 · 7-9-13.4
  20. 7-9-13.5 · 7-9-13.5
  21. 7-9-14 · 7-9-14
  22. 7-9-15 · Exemption; compensating tax; certain organizations
  23. 7-9-16 · Repealed
  24. 7-9-17 · Exemption; gross receipts tax; wages
  25. 7-9-18 · 7-9-18
  26. 7-9-18.1 · 7-9-18.1
  27. 7-9-19 · Exemption; gross receipts tax; livestock feeding
  28. 7-9-20 · 7-9-20
  29. 7-9-21 · Repealed
  30. 7-9-22 · Exemption; gross receipts tax; vehicles
  31. 7-9-22.1 · Exemption; gross receipts tax; boats
  32. 7-9-23 · Exemption; compensating tax; vehicles
  33. 7-9-23.1 · Exemption; compensating tax; boats
  34. 7-9-24 · Exemption; gross receipts tax; insurance companies
  35. 7-9-25 · Exemption; gross receipts tax; dividends and interest
  36. 7-9-26 · Exemption; gross receipts and compensating tax; fuel
  37. 7-9-26.1 · 7-9-26.1
  38. 7-9-27 · Exemption; compensating tax; personal effects
  39. 7-9-28 · 7-9-28
  40. 7-9-29 · 7-9-29
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