NMSA 1978, § 7-9-97 — 7-9-97

Deduction; gross receipts tax; receipts from certain
purchases by or on behalf of the state.
Receipts from the sale of property or services purchased by or on behalf of the state
from funds obtained from the forfeiture of financial assurance pursuant to the New
Mexico Mining Act [Chapter 69, Article 36 NMSA 1978] or the forfeiture of financial
responsibility pursuant to the Water Quality Act [Chapter 74, Article 6 NMSA 1978] may
be deducted from gross receipts.