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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-9-92

Deduction; gross receipts; sale of food at retail food store

Official textnmonesource.comlast amended

# 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.

Amendment history

Laws 2004, ch. 116, § 5; 2021, ch. 65, § 26.

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

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In this article (40 sections)
  1. 7-9-78 · 7-9-78
  2. 7-9-78.1 · 7-9-78.1
  3. 7-9-79 · Credit; compensating tax
  4. 7-9-79.1 · Credit; gross receipts tax; services
  5. 7-9-79.2 · Repealed
  6. 7-9-80 · Repealed
  7. 7-9-80.1 · Repealed
  8. 7-9-81 · Repealed
  9. 7-9-82 · Repealed
  10. 7-9-83 · Deduction; gross receipts tax; jet fuel
  11. 7-9-84 · Deduction; compensating tax; jet fuel
  12. 7-9-85 · 7-9-85
  13. 7-9-86 · Repealed
  14. 7-9-87 · Deduction; gross receipts tax; lottery retailer receipts
  15. 7-9-88 · Repealed
  16. 7-9-88.1 · Credit; gross receipts tax; tax paid to certain tribes
  17. 7-9-88.2 · 7-9-88.2
  18. 7-9-89 · 7-9-89
  19. 7-9-90 · 7-9-90
  20. 7-9-91 · 7-9-91
  21. 7-9-92 · Deduction; gross receipts; sale of food at retail food store
  22. 7-9-93 · 7-9-93
  23. 7-9-94 · 7-9-94
  24. 7-9-95 · 7-9-95
  25. 7-9-96 · Repealed
  26. 7-9-96.1 · Repealed
  27. 7-9-96.2 · 7-9-96.2
  28. 7-9-96.3 · Technology readiness gross receipts tax credit
  29. 7-9-97 · 7-9-97
  30. 7-9-98 · 7-9-98
  31. 7-9-99 · 7-9-99
  32. 7-9-100 · 7-9-100
  33. 7-9-101 · 7-9-101
  34. 7-9-102 · 7-9-102
  35. 7-9-103 · 7-9-103
  36. 7-9-103.1 · Deduction; gross receipts tax; converting electricity
  37. 7-9-103.2 · Deduction; gross receipts; electricity exchange
  38. 7-9-104 · 7-9-104
  39. 7-9-105 · Repealed
  40. 7-9-106 · Repealed
Full table of contents →