Gross Receipts and Compensating Tax | Midpage

Collections
New Mexico Statutes Annotated 1978

9

Gross Receipts and Compensating Tax

State of New Mexico

7-9-1Short title 7-9-2Purpose 7-9-3Definitions 7-9-3.2Additional definition 7-9-3.3Definition; engaging in business 7-9-3.4Definitions; construction, construction materials and construction-related services 7-9-3.5Definition; gross receipts 7-9-4Imposition and rate of tax; denomination as "gross receipts tax"7-9-4.3Imposition and rate of tax; denomination as "governmental gross receipts tax"7-9-5Presumption of taxability 7-9-6Separately stating the gross receipts tax 7-9-7Imposition and rate of tax; denomination as "compensating tax"7-9-7.1Department barred from taking collection actions with respect to certain tax liabilities 7-9-7.2Authority to establish standards for certified service providers 7-9-8Presumption of taxability and value 7-9-9Liability of user for payment of compensating tax 7-9-11Date payment due 7-9-12Exemptions 7-9-13Exemption; gross receipts tax; governmental agencies 7-9-13.1Exemption; gross receipts tax; certain services 7-9-13.2Exemption; governmental gross receipts tax; receipts subject to certain other taxes 7-9-13.3Exemption; gross receipts tax and governmental gross receipts tax; stadium surcharge 7-9-13.4Exemption; gross receipts tax; sale of textbooks from certain bookstores to enrolled students 7-9-13.5Exemption; gross receipts tax and governmental gross receipts tax; event center surcharge 7-9-14Exemption; compensating tax; governmental agencies; Indians 7-9-15Exemption; compensating tax; certain organizations 7-9-17Exemption; gross receipts tax; wages 7-9-18Exemption; gross receipts tax and governmental gross receipts tax; agricultural products 7-9-18.1Exemption; gross receipts tax; supplemental nutrition assistance program benefits 7-9-19Exemption; gross receipts tax; livestock feeding 7-9-20Exemption; gross receipts tax; certain receipts of homeowners associations 7-9-22Exemption; gross receipts tax; vehicles 7-9-22.1Exemption; gross receipts tax; boats 7-9-23Exemption; compensating tax; vehicles 7-9-23.1Exemption; compensating tax; boats 7-9-24Exemption; gross receipts tax; insurance companies 7-9-25Exemption; gross receipts tax; dividends and interest 7-9-26Exemption; gross receipts and compensating tax; fuel 7-9-26.1Exemption; gross receipts tax and compensating tax; fuel for space vehicles 7-9-27Exemption; compensating tax; personal effects 7-9-28Exemption; gross receipts tax; occasional sale of property or services 7-9-29Exemption; gross receipts tax; certain organizations; exceptions 7-9-30Exemption; compensating tax; railroad equipment, aircraft and space vehicles 7-9-31Exemption; gross receipts and compensating tax; resale activities of an armed forces instrumentality 7-9-32Exemption; gross receipts tax; oil and gas or mineral interests 7-9-33Exemption; gross receipts tax; products subject to Oil and Gas Emergency School Tax Act 7-9-34Exemption; gross receipts tax; refiners and persons subject to Natural Gas Processors Tax Act 7-9-35Exemption; gross receipts tax; natural resources subject to Resources Excise Tax Act 7-9-36Exemption; gross receipts tax; oil and gas consumed in the pipeline transportation of oil and gas products 7-9-37Exemption; compensating tax; use of oil and gas in the pipeline transportation of oil and gas products 7-9-38Exemption; compensating tax; use of electricity in the production, conversion and transmission of electricity 7-9-38.1Exemption; gross receipts tax; interstate telecommunications services 7-9-38.2Exemption; gross receipts tax; sale of certain telecommunications services 7-9-39Exemption; gross receipts tax; fees from social organizations 7-9-40Exemption; gross receipts tax; purses and jockey remuneration at New Mexico racetracks; receipts from gross amounts wagered 7-9-41Exemption; gross receipts tax; religious activities 7-9-41.1Exemption; gross receipts tax and governmental gross receipts tax; athletic facility surcharge 7-9-41.2Deleted 7-9-41.3Exemption; receipts from sales by disabled street vendors 7-9-41.4Exemption; officiating at New Mexico activities association-sanctioned school events 7-9-41.5Exemption; nonprofit hospitals from local option gross receipts taxes 7-9-41.6Exemption; gross receipts; certain health care providers from certain federal payments 7-9-43Nontaxable transaction certificates and other evidence required to entitle persons to deductions 7-9-43.1Nontaxable transaction certificates not required by liquor wholesalers 7-9-45Deductions 7-9-46Deduction; gross receipts; governmental gross receipts; sales to manufacturers and manufacturing service providers 7-9-46.1Deduction; gross receipts; governmental gross receipts; sales of services to manufacturers 7-9-47Deduction; gross receipts tax; governmental gross receipts tax; sale of tangible personal property or licenses for resale 7-9-48Deduction; gross receipts tax; governmental gross receipts; sale of a service for resale 7-9-49Deduction; gross receipts tax; sale of tangible personal property and licenses for leasing 7-9-50Deduction; gross receipts tax; lease for subsequent lease 7-9-51Deduction; gross receipts tax; sale of construction material to persons engaged in the construction business 7-9-51.2Deduction; gross receipts; sale of construction materials and labor used for the development of affordable housing multifamily residential housing projects. (Effective July 1, 2027.)7-9-52Deduction; gross receipts tax; sale of construction services and construction-related services to persons engaged in the construction business 7-9-52.1Deduction; gross receipts tax; lease of construction equipment to persons engaged in the construction business 7-9-53Deduction; gross receipts tax; sale or lease of real property and lease of manufactured homes 7-9-54Deduction; gross receipts tax; governmental gross receipts tax; sales to governmental agencies 7-9-54.1Deduction; gross receipts from sale of aerospace services to certain organizations 7-9-54.2Gross receipts; deduction; spaceport operation; space operations; launching, operating and recovering space vehicles or payloads; payload services; operationally responsive space program services 7-9-54.3Deduction; gross receipts tax; wind and solar generation equipment; energy storage equipment; sales to governments 7-9-54.4Deduction; compensating tax; space-related test articles 7-9-54.5Deduction; compensating tax; test articles 7-9-55Deduction; gross receipts tax; governmental gross receipts tax; transaction in interstate commerce 7-9-56Deduction; gross receipts tax; intrastate transportation and services in interstate commerce 7-9-56.1Deduction; gross receipts tax; internet services 7-9-56.2Deduction; gross receipts tax; hosting world wide web sites 7-9-56.3Deduction; gross receipts; trade-support company in a border zone 7-9-57Deduction; gross receipts tax; sale of certain services to an out-of-state buyer 7-9-57.2Deduction; gross receipts tax; sale of software development services 7-9-58Deduction; gross receipts tax; feed; fertilizers 7-9-58.1Credit; gross receipts tax; sale of dyed special fuel used for agricultural purposes 7-9-59Deduction; gross receipts tax; warehousing, threshing, harvesting, growing, cultivating and processing agricultural products; testing or transporting milk 7-9-60Deduction; gross receipts tax; governmental gross receipts tax; sales to certain organizations 7-9-61.1Deduction; gross receipts tax; certain receipts 7-9-61.2Deduction; receipts from sales to state-chartered credit unions 7-9-62Deduction; gross receipts tax; agricultural implements; aircraft manufacturers; vehicles that are not required to be registered; aircraft parts and maintenance services; reporting requirements 7-9-62.1Deduction; gross receipts tax; aircraft sales and services; reporting requirements 7-9-63Deduction; gross receipts tax; publication sales 7-9-64Deduction; gross receipts tax; newspaper sales 7-9-65Deduction; gross receipts tax; chemicals and reagents 7-9-66Deduction; gross receipts tax; commissions 7-9-66.1Deduction; gross receipts tax; certain real estate transactions 7-9-67Deduction; gross receipts tax; governmental gross receipts tax; refunds; uncollectible debts 7-9-68Deduction; gross receipts tax; warranty obligations 7-9-69Deduction; gross receipts tax; administrative and accounting services 7-9-70Deduction; gross receipts tax; rental or lease of vehicles used in interstate commerce 7-9-71Deduction; gross receipts tax; trade-in allowance 7-9-73Deduction; gross receipts tax; governmental gross receipts; sale of prosthetic devices 7-9-73.1Deduction; gross receipts; governmental gross receipts; hospitals 7-9-73.2Deduction; gross receipts tax and governmental gross receipts tax; prescription drugs; oxygen; cannabis 7-9-73.3Deduction; gross receipts tax and governmental gross receipts tax; durable medical equipment; medical supplies 7-9-73.4Deduction; gross receipts tax; environmental modifications for medicaid recipients 7-9-75Deduction; gross receipts tax; sale of certain services performed directly on product manufactured 7-9-76Deduction; gross receipts tax; travel agents' commissions paid by certain entities 7-9-76.1Deduction; gross receipts tax; certain manufactured homes 7-9-76.2Deduction; gross receipts tax; films and tapes 7-9-77Deductions; compensating tax 7-9-77.1Deduction; gross receipts tax; certain medical and health care services 7-9-77.2Deductions; gross receipts; child care assistance through a licensed child care assistance program; pre-kindergarten services by for-profit pre-kindergarten providers 7-9-78Deductions; compensating tax; use of tangible personal property for leasing 7-9-78.1Deduction; compensating tax; uranium enrichment plant equipment 7-9-79Credit; compensating tax 7-9-79.1Credit; gross receipts tax; services 7-9-83Deduction; gross receipts tax; jet fuel 7-9-84Deduction; compensating tax; jet fuel 7-9-85Deduction; gross receipts tax; certain organization fundraisers 7-9-87Deduction; gross receipts tax; lottery retailer receipts 7-9-88.1Credit; gross receipts tax; tax paid to certain tribes 7-9-88.2Credit; gross receipts tax; tax paid to Navajo Nation on receipts from selling coal 7-9-89Deduction; [gross receipts tax;] sales to certain accredited diplomats and missions 7-9-90Deductions; gross receipts tax; sales of uranium hexafluoride and enrichment of uranium 7-9-91Deduction; compensating tax; contributions of inventory to certain organizations and governmental agencies 7-9-92Deduction; gross receipts; sale of food at retail food store 7-9-93Deduction; gross receipts; certain receipts for services provided by health care practitioner or association of health care practitioners 7-9-94Deduction; gross receipts; military transformational acquisition programs 7-9-95Deduction; gross receipts tax; sales of certain tangible personal property; limited period 7-9-96.2Credit; gross receipts tax; unpaid charges for services provided in a hospital 7-9-96.3Technology readiness gross receipts tax credit 7-9-97Deduction; gross receipts tax; receipts from certain purchases by or on behalf of the state 7-9-98Deduction; compensating tax; biomass-related equipment; biomass materials 7-9-99Deduction; gross receipts tax; sale of engineering, architectural and new facility construction services used in construction of certain public health care facilities 7-9-100Deduction; gross receipts tax; sale of construction equipment and construction materials used in new facility construction of a sole community provider hospital [qualifying hospital] that is located in a federally designated health professional shortage area 7-9-101Deduction; gross receipts; equipment for certain electric transmission or storage facilities 7-9-102Deduction; compensating tax; equipment for certain electric transmission or storage facilities 7-9-103Deduction; gross receipts; services provided for certain electric transmission and storage facilities 7-9-103.1Deduction; gross receipts tax; converting electricity 7-9-103.2Deduction; gross receipts; electricity exchange 7-9-104Deduction; gross receipts; nonathletic special event at post-secondary educational institution 7-9-107Deduction; gross receipts tax; production or staging of professional contests 7-9-108Deduction; gross receipts; receipts from performing management or investment advisory services for mutual funds, hedge funds or real estate investment trusts 7-9-109Deduction; gross receipts tax; veterinary medical services, medicine or medical supplies used in medical treatment of cattle 7-9-110Deleted 7-9-110.1Deduction; gross receipts tax; locomotive engine fuel 7-9-110.2Deduction; compensating tax; locomotive engine fuel 7-9-110.3Purpose and requirements of locomotive fuel deduction 7-9-111Deduction; gross receipts; hearing aids and vision aids and related services 7-9-112Deduction; gross receipts; solar energy systems 7-9-112.1Deductions; gross receipts tax; compensating tax; geothermal electricity generation-related sales and use 7-9-115Deduction; gross receipts tax; goods and services for the department of defense related to directed energy and satellites 7-9-116Deduction; gross receipts tax; retail sales by certain businesses 7-9-117Deduction; gross receipts; governmental gross receipts; marketplace seller 7-9-119Deduction; sales made by dispenser's license holder 7-9-120Deduction; gross receipts and governmental gross receipts; feminine hygiene products 7-9-121Credit; gross receipts tax; legal services for wildfire compensation recovery