New Mexico Statutes 7-9-68. Deduction; gross receipts tax; warranty obligations
Current as of: 2023 | Check for updates
|
Other versions
Receipts of a dealer from furnishing goods or services to the purchaser of tangible personal property to fulfill a warranty obligation of the manufacturer of the property may be deducted from gross receipts.
Terms Used In New Mexico Statutes 7-9-68
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Personal property: All property that is not real property.