NMSA 1978, § 7-9-90 — 7-9-90

Deductions; gross receipts tax; sales of uranium
hexafluoride and enrichment of uranium.

# A.

Receipts from selling uranium hexafluoride and from providing the service of
enriching uranium may be deducted from gross receipts.

# B.

The deduction provided by this section shall be included in the tax expenditure
budget pursuant to Section 7-1-84 NMSA 1978, including the annual aggregate cost of
the deduction.

# C.

A taxpayer allowed a deduction pursuant to this section shall report the amount
deducted separately and attribute the amount of the deduction to the authorization
provided in this section in a manner required by the department that facilitates the
evaluation by the legislature for the benefit to the state of this deduction.