NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-9-2
Purpose
Official textnmonesource.comlast amended
The purpose of the Gross Receipts and Compensating Tax Act is to provide revenue for public purposes by levying a tax on the privilege of engaging in certain activities within New Mexico and to protect New Mexico businessmen from the unfair competition that would otherwise result from the importation into the state of property without payment of a similar tax.
Amendment history
1953 Comp., § 72-16A-2, enacted by Laws 1966, ch. 47, § 2.
Source: official source (NMSA chapter on nmonesource.com)
In this article (40 sections)
- 7-9-1 · Short title
- 7-9-2 · Purpose
- 7-9-3 · Definitions
- 7-9-3.1 · Repealed
- 7-9-3.2 · Additional definition
- 7-9-3.3 · Definition; engaging in business
- 7-9-3.4 · 7-9-3.4
- 7-9-3.5 · Definition; gross receipts
- 7-9-4 · 7-9-4
- 7-9-4.1 · Repealed
- 7-9-4.2 · Repealed
- 7-9-4.3 · 7-9-4.3
- 7-9-5 · Presumption of taxability
- 7-9-6 · Separately stating the gross receipts tax
- 7-9-7 · 7-9-7
- 7-9-7.1 · 7-9-7.1
- 7-9-7.2 · 7-9-7.2
- 7-9-8 · Presumption of taxability and value
- 7-9-9 · Liability of user for payment of compensating tax
- 7-9-10 · Repealed
- 7-9-11 · Date payment due
- 7-9-12 · Exemptions
- 7-9-12.1 · Repealed
- 7-9-13 · Exemption; gross receipts tax; governmental agencies
- 7-9-13.1 · Exemption; gross receipts tax; certain services
- 7-9-13.2 · 7-9-13.2
- 7-9-13.3 · 7-9-13.3
- 7-9-13.4 · 7-9-13.4
- 7-9-13.5 · 7-9-13.5
- 7-9-14 · 7-9-14
- 7-9-15 · Exemption; compensating tax; certain organizations
- 7-9-16 · Repealed
- 7-9-17 · Exemption; gross receipts tax; wages
- 7-9-18 · 7-9-18
- 7-9-18.1 · 7-9-18.1
- 7-9-19 · Exemption; gross receipts tax; livestock feeding
- 7-9-20 · 7-9-20
- 7-9-21 · Repealed
- 7-9-22 · Exemption; gross receipts tax; vehicles
- 7-9-22.1 · Exemption; gross receipts tax; boats