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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-19

Exemption; gross receipts tax; livestock feeding

Official textnmonesource.comlast amended

# 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.

Amendment history

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 source (NMSA chapter on nmonesource.com)

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  5. 7-9-10 · Repealed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  8. 7-9-12.1 · Repealed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  17. 7-9-16 · Repealed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  23. 7-9-21 · Repealed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