us-nm/stat
NMSA 1978, § 7-9-92 — Deduction; gross receipts; sale of food at retail food store
A.
Receipts from the sale of food by a retail food store that are not exempt from
gross receipts taxation and are not deductible pursuant to another provision of the
Gross Receipts and Compensating Tax Act may be deducted from gross receipts. The
deduction provided by this section shall be separately stated by the taxpayer.
B.
For the purposes of this section:
(1) "food" means any food or food product for home consumption that meets
the definition of food in 7 USCA 2012(k)(1) for purposes of the federal supplemental
nutrition assistance program; and
(2) "retail food store" means an establishment that sells food for home
preparation and consumption and that meets the definition of retail food store in 7
USCA 2012(o)(1) for purposes of the federal supplemental nutrition assistance
program, whether or not the establishment participates in the supplemental nutrition
assistance program.
Source: official text