US lawNew MexicoRegulationsTitle 3Chapter 2Part 2123.2.212.23 NMAC3.2.212.23 NMACSection 23. Sale Of A License To A GovernmentLast amended: 2001Year: 2001Length: 16 wordsOfficial source Licenses are intangible property. Receipts from selling licenses are not deductible under Section 7-9-54 NMSA 1978.Previous3.2.212.21 NMACNext3.2.212.24 NMAC