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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-90

7-9-90

Official textnmonesource.comlast amended

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.

Amendment history

Laws 1999, ch. 231, § 3; 2012, ch. 13, § 1; 2025, ch. 130, § 79.

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

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In this article (40 sections)
  1. 7-9-77.1 · 7-9-77.1
  2. 7-9-77.2 · 7-9-77.2
  3. 7-9-78 · 7-9-78
  4. 7-9-78.1 · 7-9-78.1
  5. 7-9-79 · Credit; compensating tax
  6. 7-9-79.1 · Credit; gross receipts tax; services
  7. 7-9-79.2 · Repealed
  8. 7-9-80 · Repealed
  9. 7-9-80.1 · Repealed
  10. 7-9-81 · Repealed
  11. 7-9-82 · Repealed
  12. 7-9-83 · Deduction; gross receipts tax; jet fuel
  13. 7-9-84 · Deduction; compensating tax; jet fuel
  14. 7-9-85 · 7-9-85
  15. 7-9-86 · Repealed
  16. 7-9-87 · Deduction; gross receipts tax; lottery retailer receipts
  17. 7-9-88 · Repealed
  18. 7-9-88.1 · Credit; gross receipts tax; tax paid to certain tribes
  19. 7-9-88.2 · 7-9-88.2
  20. 7-9-89 · 7-9-89
  21. 7-9-90 · 7-9-90
  22. 7-9-91 · 7-9-91
  23. 7-9-92 · Deduction; gross receipts; sale of food at retail food store
  24. 7-9-93 · 7-9-93
  25. 7-9-94 · 7-9-94
  26. 7-9-95 · 7-9-95
  27. 7-9-96 · Repealed
  28. 7-9-96.1 · Repealed
  29. 7-9-96.2 · 7-9-96.2
  30. 7-9-96.3 · Technology readiness gross receipts tax credit
  31. 7-9-97 · 7-9-97
  32. 7-9-98 · 7-9-98
  33. 7-9-99 · 7-9-99
  34. 7-9-100 · 7-9-100
  35. 7-9-101 · 7-9-101
  36. 7-9-102 · 7-9-102
  37. 7-9-103 · 7-9-103
  38. 7-9-103.1 · Deduction; gross receipts tax; converting electricity
  39. 7-9-103.2 · Deduction; gross receipts; electricity exchange
  40. 7-9-104 · 7-9-104
Full table of contents →