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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-66

Deduction; gross receipts tax; commissions

Official textnmonesource.comlast amended

# A.

Receipts derived from commissions on sales of tangible personal property which are not subject to the gross receipts tax may be deducted from gross receipts.

# B.

Receipts of the owner of a dealer store derived from commissions received for performing the service of selling from the owner's dealer store a principal's tangible personal property may be deducted from gross receipts.

# C.

As used in this section, "dealer store" means a merchandise facility open to the public that is owned and operated by a person who contracts with a principal to act as an agent for the sale from that facility of merchandise owned by the principal.

Amendment history

1953 Comp., § 72-16A-14.22, enacted by Laws 1969, ch. 144, § 57; 1999, ch. 169, § 1.

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

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In this article (40 sections)
  1. 7-9-55 · 7-9-55
  2. 7-9-56 · 7-9-56
  3. 7-9-56.1 · Deduction; gross receipts tax; internet services
  4. 7-9-56.2 · 7-9-56.2
  5. 7-9-56.3 · 7-9-56.3
  6. 7-9-57 · 7-9-57
  7. 7-9-57.1 · Repealed
  8. 7-9-57.2 · 7-9-57.2
  9. 7-9-58 · Deduction; gross receipts tax; feed; fertilizers
  10. 7-9-58.1 · 7-9-58.1
  11. 7-9-59 · 7-9-59
  12. 7-9-60 · 7-9-60
  13. 7-9-61 · Repealed
  14. 7-9-61.1 · Deduction; gross receipts tax; certain receipts
  15. 7-9-61.2 · 7-9-61.2
  16. 7-9-62 · 7-9-62
  17. 7-9-62.1 · 7-9-62.1
  18. 7-9-63 · Deduction; gross receipts tax; publication sales
  19. 7-9-64 · Deduction; gross receipts tax; newspaper sales
  20. 7-9-65 · Deduction; gross receipts tax; chemicals and reagents
  21. 7-9-66 · Deduction; gross receipts tax; commissions
  22. 7-9-66.1 · 7-9-66.1
  23. 7-9-67 · 7-9-67
  24. 7-9-68 · Deduction; gross receipts tax; warranty obligations
  25. 7-9-69 · 7-9-69
  26. 7-9-70 · 7-9-70
  27. 7-9-71 · Deduction; gross receipts tax; trade-in allowance
  28. 7-9-72 · Repealed
  29. 7-9-73 · 7-9-73
  30. 7-9-73.1 · 7-9-73.1
  31. 7-9-73.2 · 7-9-73.2
  32. 7-9-73.3 · 7-9-73.3
  33. 7-9-73.4 · 7-9-73.4
  34. 7-9-74 · Repealed
  35. 7-9-75 · 7-9-75
  36. 7-9-76 · 7-9-76
  37. 7-9-76.1 · 7-9-76.1
  38. 7-9-76.2 · Deduction; gross receipts tax; films and tapes
  39. 7-9-77 · Deductions; compensating tax
  40. 7-9-77.1 · 7-9-77.1
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