NMSA 1978, § 7-9-18 — 7-9-18

Exemption; gross receipts tax and governmental gross
receipts tax; agricultural products.

# A.

Exempted from the gross receipts tax and from the governmental gross receipts
tax are the receipts from selling livestock and receipts of growers, producers, trappers
or nonprofit marketing associations from selling livestock, live poultry, unprocessed
agricultural products, hides or pelts. Persons engaged in the business of buying and
selling wool or mohair or of buying and selling livestock on their own account are
producers for the purposes of this section.

# B.

Receipts from selling dairy products at retail are not exempted from the gross
receipts tax.

# C.

As used in this section, "livestock" means all domestic or domesticated animals
that are used or raised on a farm or ranch, including the carcasses thereof, and also
includes horses, asses, mules, cattle, sheep, goats, swine, bison, poultry, ostriches,
emus, rheas, camelids and farmed cervidae upon any land in New Mexico; provided
that for the purposes of Chapter 77, Article 9 NMSA 1978, "animals" or "livestock" have
the meaning defined in that article. "Animals" or "livestock" does not include canine or
feline animals. For the purpose of the rules governing meat inspection, wild animals,
poultry and birds used for human consumption shall also be included within the
meaning of "animals" or "livestock".