New Mexico Statutes 7-9-35. Exemption; gross receipts tax; natural resources subject to
Current as of: 2023 | Check for updates
|
Other versions
Resources Excise Tax Act.
Exempted from the gross receipts tax are receipts from the sale or processing of natural resources the severance or processing of which are subject to the taxes imposed by the Resources Excise Tax Act [N.M. Stat. Ann. Chapter 7, Article 25] except as otherwise provided in Section 7-25-8 N.M. Stat. Ann..