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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-20

7-9-20

Official textnmonesource.comlast amended

Exemption; gross receipts tax; certain receipts of homeowners associations.
Exempted from the gross receipts tax are those receipts of homeowners associations defined in Section 528(c)(1) (A thru D), (2), (3) and (4) (A, B and D) of the Internal Revenue Code, as amended, which are received as membership fees, dues or assessments from members who are owners of residential units, residences or residential lots except for owners of time-share interests, for payment of taxes, insurance, utility expenses, management and improvement, maintenance or rehabilitation of those common areas, elements or facilities appurtenant thereto which are for the sole use of the owners and their guests.

Amendment history

1978 Comp., § 7-9-20, enacted by Laws 1988, ch. 82, § 1.

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

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  4. 7-9-10 · Repealed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  7. 7-9-12.1 · Repealed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  16. 7-9-16 · Repealed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  22. 7-9-21 · Repealed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