us-nm/stat
NMSA 1978, § 7-9-54.4 — Deduction; compensating tax; space-related test articles
A.
The value of space-related test articles used in New Mexico exclusively for
research or testing, placing on public display after research or testing or storage for
future research, testing or public display may be deducted in computing compensating
tax due. This subsection does not apply to any other use of a space-related test article.
B.
The value of equipment and materials used in New Mexico for research or
testing, or for supporting the research or testing of, space-related test articles or for
storage of such equipment or materials for research or testing, or supporting the
research and testing of, space-related test articles may be deducted in computing
compensating tax due. This subsection does not apply to any other use of such
equipment and materials.
C.
As used in this section, a "space-related test article" is a material or device
intended to be used primarily in research or testing to determine properties and qualities
of the material or properties, qualities or functioning of a device or technology when the
principal use of the material, device or technology is intended to be in space or as part
of, or associated with, a space vehicle.
Source: official text