us-nm/stat

NMSA 1978, § 7-9-58 — Deduction; gross receipts tax; feed; fertilizers

A.

Receipts from selling feed for livestock, including the baling wire or twine used to
contain the feed, fish raised for human consumption, poultry or animals raised for their
hides or pelts and from selling seeds, roots, bulbs, plants, soil conditioners, fertilizers,
insecticides, germicides, insects used to control populations of other insects, fungicides
or weedicides or water for irrigation purposes may be deducted from gross receipts if
the sale is made to a person who states in writing that he is regularly engaged in the
business of farming, ranching or raising animals for their hides or pelts.

B.

Receipts of auctioneers from selling livestock or other agricultural products at
auction may also be deducted from gross receipts.

Last amended: 1953 Comp., § 72-16A-14.13, enacted by Laws 1969, ch. 144, § 48; 1977, ch. 231, § 1; 1983, ch. 220, § 13; 1991, ch. 9, § 30; 1991, ch. 203, § 6; 1992, ch. 48, § 3; 2002, ch. 29, § 1.

Source: official text

NMSA 1978, § 7-9-58 — Deduction; gross receipts tax; feed; fertilizers

# A.

# B.

A.

B.