NMSA 1978, § 7-9-54.1 — 7-9-54.1

Deduction; gross receipts from sale of aerospace services
to certain organizations.

# A.

Receipts from performing or selling an aerospace service for resale may be
deducted from gross receipts if the sale is made to a buyer who delivers a nontaxable
transaction certificate or provides alternative evidence pursuant to Section 7-9-43
NMSA 1978. The buyer shall separately state the value of the aerospace service
purchased in the buyer's charge for the aerospace service on its subsequent sale to an
organization or, if the buyer is an organization, on the organization's subsequent sale to
the United States, and the subsequent sale shall be in the ordinary course of business
of selling aerospace services to an organization or to the United States.

# B.

As used in this section:
(1) "aerospace services" means research and development services sold to
or for resale to an organization for resale by the organization to the United States air
force; and
(2) "organization" means an organization described in Subsection A of
Section 7-9-29 NMSA 1978 other than a prime contractor operating facilities in New
Mexico designated as a national laboratory by act of congress.