Partnertax.ai
Start free trial →

NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-84

Deduction; compensating tax; jet fuel

Official textnmonesource.comlast amended

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.

Amendment history

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

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

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this article (40 sections)
  1. 7-9-73.3 · 7-9-73.3
  2. 7-9-73.4 · 7-9-73.4
  3. 7-9-74 · Repealed
  4. 7-9-75 · 7-9-75
  5. 7-9-76 · 7-9-76
  6. 7-9-76.1 · 7-9-76.1
  7. 7-9-76.2 · Deduction; gross receipts tax; films and tapes
  8. 7-9-77 · Deductions; compensating tax
  9. 7-9-77.1 · 7-9-77.1
  10. 7-9-77.2 · 7-9-77.2
  11. 7-9-78 · 7-9-78
  12. 7-9-78.1 · 7-9-78.1
  13. 7-9-79 · Credit; compensating tax
  14. 7-9-79.1 · Credit; gross receipts tax; services
  15. 7-9-79.2 · Repealed
  16. 7-9-80 · Repealed
  17. 7-9-80.1 · Repealed
  18. 7-9-81 · Repealed
  19. 7-9-82 · Repealed
  20. 7-9-83 · Deduction; gross receipts tax; jet fuel
  21. 7-9-84 · Deduction; compensating tax; jet fuel
  22. 7-9-85 · 7-9-85
  23. 7-9-86 · Repealed
  24. 7-9-87 · Deduction; gross receipts tax; lottery retailer receipts
  25. 7-9-88 · Repealed
  26. 7-9-88.1 · Credit; gross receipts tax; tax paid to certain tribes
  27. 7-9-88.2 · 7-9-88.2
  28. 7-9-89 · 7-9-89
  29. 7-9-90 · 7-9-90
  30. 7-9-91 · 7-9-91
  31. 7-9-92 · Deduction; gross receipts; sale of food at retail food store
  32. 7-9-93 · 7-9-93
  33. 7-9-94 · 7-9-94
  34. 7-9-95 · 7-9-95
  35. 7-9-96 · Repealed
  36. 7-9-96.1 · Repealed
  37. 7-9-96.2 · 7-9-96.2
  38. 7-9-96.3 · Technology readiness gross receipts tax credit
  39. 7-9-97 · 7-9-97
  40. 7-9-98 · 7-9-98
Full table of contents →