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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-59

7-9-59

Official textnmonesource.comlast amended

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.

Amendment history

1953 Comp., § 72-16A-14.14, enacted by Laws 1969, ch. 144, § 49; 1970, ch. 27, § 1; 2000, ch. 26, § 1; 2000, ch. 87, § 1; 2019, ch. 49, § 1.

Source: official source (NMSA chapter on nmonesource.com)

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In this article (40 sections)
  1. 7-9-51.2 · 7-9-51.2
  2. 7-9-52 · 7-9-52
  3. 7-9-52.1 · 7-9-52.1
  4. 7-9-53 · 7-9-53
  5. 7-9-54 · 7-9-54
  6. 7-9-54.1 · 7-9-54.1
  7. 7-9-54.2 · 7-9-54.2
  8. 7-9-54.3 · 7-9-54.3
  9. 7-9-54.4 · Deduction; compensating tax; space-related test articles
  10. 7-9-54.5 · Deduction; compensating tax; test articles
  11. 7-9-55 · 7-9-55
  12. 7-9-56 · 7-9-56
  13. 7-9-56.1 · Deduction; gross receipts tax; internet services
  14. 7-9-56.2 · 7-9-56.2
  15. 7-9-56.3 · 7-9-56.3
  16. 7-9-57 · 7-9-57
  17. 7-9-57.1 · Repealed
  18. 7-9-57.2 · 7-9-57.2
  19. 7-9-58 · Deduction; gross receipts tax; feed; fertilizers
  20. 7-9-58.1 · 7-9-58.1
  21. 7-9-59 · 7-9-59
  22. 7-9-60 · 7-9-60
  23. 7-9-61 · Repealed
  24. 7-9-61.1 · Deduction; gross receipts tax; certain receipts
  25. 7-9-61.2 · 7-9-61.2
  26. 7-9-62 · 7-9-62
  27. 7-9-62.1 · 7-9-62.1
  28. 7-9-63 · Deduction; gross receipts tax; publication sales
  29. 7-9-64 · Deduction; gross receipts tax; newspaper sales
  30. 7-9-65 · Deduction; gross receipts tax; chemicals and reagents
  31. 7-9-66 · Deduction; gross receipts tax; commissions
  32. 7-9-66.1 · 7-9-66.1
  33. 7-9-67 · 7-9-67
  34. 7-9-68 · Deduction; gross receipts tax; warranty obligations
  35. 7-9-69 · 7-9-69
  36. 7-9-70 · 7-9-70
  37. 7-9-71 · Deduction; gross receipts tax; trade-in allowance
  38. 7-9-72 · Repealed
  39. 7-9-73 · 7-9-73
  40. 7-9-73.1 · 7-9-73.1
Full table of contents →