us-nm/stat

NMSA 1978, § 7-9-84 — Deduction; compensating tax; jet fuel

Forty percent of the value of the fuel specially prepared and sold for use in turboprop
or jet-type engines as determined by the department may be deducted in computing the
compensating tax due.

Last amended: Laws 1993, ch. 364, § 2; 2003, ch. 214, § 3; 2006, ch. 51, § 2; 2011, ch. 74, § 2; 2025, ch. 130, § 78.

Source: official text