NMSA 1978, § 7-9-28 — 7-9-28

Exemption; gross receipts tax; occasional sale of property
or services.
Exempted from the gross receipts tax are the receipts from the isolated or
occasional sale of or leasing of property or a service by a person who is neither
regularly engaged nor holding himself out as engaged in the business of selling or
leasing the same or similar property or service.