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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-75

7-9-75

Official textnmonesource.comlast amended

Deduction; gross receipts tax; sale of certain services performed directly on product manufactured.
Receipts from selling the service of combining or processing components or materials may be deducted from gross receipts if the sale is made to a person engaged in the business of manufacturing who delivers a nontaxable transaction certificate to the seller. The buyer delivering the nontaxable transaction certificate must have the service performed directly upon tangible personal property which he is in the business of manufacturing or upon ingredients or component parts thereof.

Amendment history

1953 Comp., § 72-16A-14.32, enacted by Laws 1972, ch. 39, § 2.

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

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In this article (40 sections)
  1. 7-9-61.2 · 7-9-61.2
  2. 7-9-62 · 7-9-62
  3. 7-9-62.1 · 7-9-62.1
  4. 7-9-63 · Deduction; gross receipts tax; publication sales
  5. 7-9-64 · Deduction; gross receipts tax; newspaper sales
  6. 7-9-65 · Deduction; gross receipts tax; chemicals and reagents
  7. 7-9-66 · Deduction; gross receipts tax; commissions
  8. 7-9-66.1 · 7-9-66.1
  9. 7-9-67 · 7-9-67
  10. 7-9-68 · Deduction; gross receipts tax; warranty obligations
  11. 7-9-69 · 7-9-69
  12. 7-9-70 · 7-9-70
  13. 7-9-71 · Deduction; gross receipts tax; trade-in allowance
  14. 7-9-72 · Repealed
  15. 7-9-73 · 7-9-73
  16. 7-9-73.1 · 7-9-73.1
  17. 7-9-73.2 · 7-9-73.2
  18. 7-9-73.3 · 7-9-73.3
  19. 7-9-73.4 · 7-9-73.4
  20. 7-9-74 · Repealed
  21. 7-9-75 · 7-9-75
  22. 7-9-76 · 7-9-76
  23. 7-9-76.1 · 7-9-76.1
  24. 7-9-76.2 · Deduction; gross receipts tax; films and tapes
  25. 7-9-77 · Deductions; compensating tax
  26. 7-9-77.1 · 7-9-77.1
  27. 7-9-77.2 · 7-9-77.2
  28. 7-9-78 · 7-9-78
  29. 7-9-78.1 · 7-9-78.1
  30. 7-9-79 · Credit; compensating tax
  31. 7-9-79.1 · Credit; gross receipts tax; services
  32. 7-9-79.2 · Repealed
  33. 7-9-80 · Repealed
  34. 7-9-80.1 · Repealed
  35. 7-9-81 · Repealed
  36. 7-9-82 · Repealed
  37. 7-9-83 · Deduction; gross receipts tax; jet fuel
  38. 7-9-84 · Deduction; compensating tax; jet fuel
  39. 7-9-85 · 7-9-85
  40. 7-9-86 · Repealed
Full table of contents →