us-nm/stat

NMSA 1978, § 7-9-19 — Exemption; gross receipts tax; livestock feeding

A.

Exempted from the gross receipts tax are the receipts of any person derived from
feeding or pasturing livestock.

B.

Receipts derived from penning or handling livestock prior to sale are receipts
derived from feeding livestock for the purposes of this section.

C.

Receipts derived from training livestock are receipts derived from feeding
livestock for the purposes of this section.

Last amended: 1953 Comp., § 72-16A-12.7, enacted by Laws 1969, ch. 144, § 12; 1974, ch. 19, § 1; 1991, ch. 9, § 28; 1992, ch. 48, § 2.

Source: official text