NMSA 1978, § 7-9-65 — Deduction; gross receipts tax; chemicals and reagents

Receipts from selling chemicals or reagents to any mining, milling or oil company for
use in processing ores or oil in a mill, smelter or refinery or in acidizing oil wells, and
receipts from selling chemicals or reagents in lots in excess of eighteen tons to any
hard-rock mining or milling company for use in any combination of extracting, leaching,
milling, smelting, refining or processing ore at a mine site, may be deducted from gross
receipts. Receipts from selling explosives, blasting powder or dynamite may not be
deducted from gross receipts.