3.2.250.6 NMAC

Section 6. Objective

Last amended: 2012Year: 2012Length: 73 wordsOfficial source
The purpose of the deduction of receipts from the sale of fuel loaded or used by a common carrier in a locomotive engine from gross receipts and of the deduction of the value of fuel to be loaded or used by a common carrier in a locomotive engine in computing the compensating tax is to encourage the construction, renovation, maintenance and operation of railroad locomotive refueling facilities and related activities in New Mexico.
3.2.250.6 NMAC: Section 6. Objective | Justis AI