NMSA 1978, § 7-9-59 — 7-9-59

Deduction; gross receipts tax; warehousing, threshing,
harvesting, growing, cultivating and processing agricultural
products; testing or transporting milk.

# A.

Receipts from warehousing grain or other agricultural products may be deducted
from gross receipts.

# B.

Receipts from threshing, cleaning, growing, cultivating or harvesting agricultural
products, including the ginning of cotton, may be deducted from gross receipts.

# C.

Receipts from testing or transporting milk for the producer or nonprofit marketing
association from the farm to a milk processing or dairy product manufacturing plant may
be deducted from gross receipts.

# D.

Receipts from processing for growers, producers or nonprofit marketing
associations of agricultural products raised for food and fiber, including livestock, may
be deducted from gross receipts.