NMSA 1978, § 7-9-22 — Exemption; gross receipts tax; vehicles

Exempted from the gross receipts tax are the receipts from selling vehicles on which
a tax is imposed by the Motor Vehicle Excise Tax Act [Chapter 7, Article 14 NMSA
1978], vehicles subject to registration under Section 66-3-16 NMSA 1978 and vehicles
exempt from the motor vehicle excise tax pursuant to Subsection F of Section 7-14-6
NMSA 1978.