NMSA 1978, § 7-9-53 — 7-9-53

Deduction; gross receipts tax; sale or lease of real property
and lease of manufactured homes.

# A.

Receipts from the sale or lease of real property and from the lease of a
manufactured home as provided in Subsection B of this section, other than receipts
from the sale or lease of oil, natural gas or mineral interests exempted by Section 7-9-
32 NMSA 1978, may be deducted from gross receipts. However, that portion of the
receipts from the sale of real property which is attributable to improvements constructed
on the real property by the seller in the ordinary course of his construction business may
not be deducted from gross receipts.

# B.

Receipts from the rental of a manufactured home for a period of at least one
month may be deducted from gross receipts. Receipts received by hotels, motels,
rooming houses, campgrounds, guest ranches, trailer parks or similar facilities, except
receipts received by trailer parks from the rental of a space for a manufactured home or
recreational vehicle for a period of at least one month, from lodgers, guests, roomers or
occupants are not receipts from leasing real property for the purposes of this section.

# C.

Receipts attributable to the inclusion of furniture or appliances furnished as part
of a leased or rented dwelling house, manufactured home or apartment by the landlord
or lessor may be deducted from gross receipts.