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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-38

7-9-38

Official textnmonesource.comlast amended

Exemption; compensating tax; use of electricity in the production, conversion and transmission of electricity.
Exempted from the compensating tax is electricity used in the production and transmission of electricity, including transmission using voltage source conversion technology.

Amendment history

1953 Comp., § 72-16A-12.26, enacted by Laws 1969, ch. 144, § 31; 2012, ch. 12, § 1.

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

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In this article (40 sections)
  1. 7-9-21 · Repealed
  2. 7-9-22 · Exemption; gross receipts tax; vehicles
  3. 7-9-22.1 · Exemption; gross receipts tax; boats
  4. 7-9-23 · Exemption; compensating tax; vehicles
  5. 7-9-23.1 · Exemption; compensating tax; boats
  6. 7-9-24 · Exemption; gross receipts tax; insurance companies
  7. 7-9-25 · Exemption; gross receipts tax; dividends and interest
  8. 7-9-26 · Exemption; gross receipts and compensating tax; fuel
  9. 7-9-26.1 · 7-9-26.1
  10. 7-9-27 · Exemption; compensating tax; personal effects
  11. 7-9-28 · 7-9-28
  12. 7-9-29 · 7-9-29
  13. 7-9-30 · 7-9-30
  14. 7-9-31 · 7-9-31
  15. 7-9-32 · 7-9-32
  16. 7-9-33 · 7-9-33
  17. 7-9-34 · 7-9-34
  18. 7-9-35 · 7-9-35
  19. 7-9-36 · 7-9-36
  20. 7-9-37 · 7-9-37
  21. 7-9-38 · 7-9-38
  22. 7-9-38.1 · 7-9-38.1
  23. 7-9-38.2 · 7-9-38.2
  24. 7-9-39 · 7-9-39
  25. 7-9-40 · 7-9-40
  26. 7-9-41 · Exemption; gross receipts tax; religious activities
  27. 7-9-41.1 · 7-9-41.1
  28. 7-9-41.2 · Deleted
  29. 7-9-41.3 · 7-9-41.3
  30. 7-9-41.4 · 7-9-41.4
  31. 7-9-41.5 · 7-9-41.5
  32. 7-9-41.6 · 7-9-41.6
  33. 7-9-42 · Repealed
  34. 7-9-43 · 7-9-43
  35. 7-9-43.1 · 7-9-43.1
  36. 7-9-44 · Repealed
  37. 7-9-45 · Deductions
  38. 7-9-46 · 7-9-46
  39. 7-9-46.1 · 7-9-46.1
  40. 7-9-47 · 7-9-47
Full table of contents →