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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-58

Deduction; gross receipts tax; feed; fertilizers

Official textnmonesource.comlast amended

# 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.

Amendment history

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 source (NMSA chapter on nmonesource.com)

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In this article (40 sections)
  1. 7-9-51 · 7-9-51
  2. 7-9-51.1 · Repealed
  3. 7-9-51.2 · 7-9-51.2
  4. 7-9-52 · 7-9-52
  5. 7-9-52.1 · 7-9-52.1
  6. 7-9-53 · 7-9-53
  7. 7-9-54 · 7-9-54
  8. 7-9-54.1 · 7-9-54.1
  9. 7-9-54.2 · 7-9-54.2
  10. 7-9-54.3 · 7-9-54.3
  11. 7-9-54.4 · Deduction; compensating tax; space-related test articles
  12. 7-9-54.5 · Deduction; compensating tax; test articles
  13. 7-9-55 · 7-9-55
  14. 7-9-56 · 7-9-56
  15. 7-9-56.1 · Deduction; gross receipts tax; internet services
  16. 7-9-56.2 · 7-9-56.2
  17. 7-9-56.3 · 7-9-56.3
  18. 7-9-57 · 7-9-57
  19. 7-9-57.1 · Repealed
  20. 7-9-57.2 · 7-9-57.2
  21. 7-9-58 · Deduction; gross receipts tax; feed; fertilizers
  22. 7-9-58.1 · 7-9-58.1
  23. 7-9-59 · 7-9-59
  24. 7-9-60 · 7-9-60
  25. 7-9-61 · Repealed
  26. 7-9-61.1 · Deduction; gross receipts tax; certain receipts
  27. 7-9-61.2 · 7-9-61.2
  28. 7-9-62 · 7-9-62
  29. 7-9-62.1 · 7-9-62.1
  30. 7-9-63 · Deduction; gross receipts tax; publication sales
  31. 7-9-64 · Deduction; gross receipts tax; newspaper sales
  32. 7-9-65 · Deduction; gross receipts tax; chemicals and reagents
  33. 7-9-66 · Deduction; gross receipts tax; commissions
  34. 7-9-66.1 · 7-9-66.1
  35. 7-9-67 · 7-9-67
  36. 7-9-68 · Deduction; gross receipts tax; warranty obligations
  37. 7-9-69 · 7-9-69
  38. 7-9-70 · 7-9-70
  39. 7-9-71 · Deduction; gross receipts tax; trade-in allowance
  40. 7-9-72 · Repealed
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