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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-45

Deductions

Official textnmonesource.comlast amended

# A.

Receipts may only be deducted once from gross receipts or governmental gross receipts when computing the gross receipts tax or governmental gross receipts tax due.

# B.

The same receipts shall not be both exempt from the gross receipts tax and deducted from gross receipts.

# C.

The same receipts shall not be both exempt from the governmental gross receipts tax and deducted from governmental gross receipts.

Amendment history

1978 Comp., § 7-9-45, enacted by Laws 1969, ch. 144, § 35; 1970, ch. 77, § 1; 1970, ch. 78, § 1; 1971, ch. 217, § 1; 1972, ch. 39, § 1; 1977, ch. 288, § 1; 1979, ch. 338, § 2; 1984, ch. 129, § 1; 1989, ch. 262, § 5; 1994, ch. 45, § 3; 1995, ch. 70, § 5; 1999, ch. 231, § 2; 2017 (1st S.S.), ch. 3, § 16.

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

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In this article (40 sections)
  1. 7-9-34 · 7-9-34
  2. 7-9-35 · 7-9-35
  3. 7-9-36 · 7-9-36
  4. 7-9-37 · 7-9-37
  5. 7-9-38 · 7-9-38
  6. 7-9-38.1 · 7-9-38.1
  7. 7-9-38.2 · 7-9-38.2
  8. 7-9-39 · 7-9-39
  9. 7-9-40 · 7-9-40
  10. 7-9-41 · Exemption; gross receipts tax; religious activities
  11. 7-9-41.1 · 7-9-41.1
  12. 7-9-41.2 · Deleted
  13. 7-9-41.3 · 7-9-41.3
  14. 7-9-41.4 · 7-9-41.4
  15. 7-9-41.5 · 7-9-41.5
  16. 7-9-41.6 · 7-9-41.6
  17. 7-9-42 · Repealed
  18. 7-9-43 · 7-9-43
  19. 7-9-43.1 · 7-9-43.1
  20. 7-9-44 · Repealed
  21. 7-9-45 · Deductions
  22. 7-9-46 · 7-9-46
  23. 7-9-46.1 · 7-9-46.1
  24. 7-9-47 · 7-9-47
  25. 7-9-48 · 7-9-48
  26. 7-9-49 · 7-9-49
  27. 7-9-50 · Deduction; gross receipts tax; lease for subsequent lease
  28. 7-9-51 · 7-9-51
  29. 7-9-51.1 · Repealed
  30. 7-9-51.2 · 7-9-51.2
  31. 7-9-52 · 7-9-52
  32. 7-9-52.1 · 7-9-52.1
  33. 7-9-53 · 7-9-53
  34. 7-9-54 · 7-9-54
  35. 7-9-54.1 · 7-9-54.1
  36. 7-9-54.2 · 7-9-54.2
  37. 7-9-54.3 · 7-9-54.3
  38. 7-9-54.4 · Deduction; compensating tax; space-related test articles
  39. 7-9-54.5 · Deduction; compensating tax; test articles
  40. 7-9-55 · 7-9-55
Full table of contents →