NMSA 1978, § 7-9-26.1 — 7-9-26.1

Exemption; gross receipts tax and compensating tax; fuel
for space vehicles.

# A.

Exempted from the gross receipts tax are the receipts from selling fuel, oxidizer
or a substance that combines fuel and oxidizer to propel space vehicles or to operate
space vehicle launchers.

# B.

Exempted from the compensating tax is the use of fuel, oxidizer or a substance
that combines fuel and oxidizer to propel space vehicles or to operate space vehicle
launchers.