N.M. Stat. § 7-19D-5

Specific exemptions.

Last amended: 2025Year: 2026Length: 57 wordsOfficial source
No tax authorized by the provisions of the Municipal Local Option Gross Receipts and Compensating Taxes Act shall be imposed on the gross receipts arising from a business located outside the boundaries of a municipality on land owned by that municipality for which a state gross receipts tax distribution is made pursuant to Section 7-1-6.4 NMSA 1978.
N.M. Stat. § 7-19D-5: Specific exemptions. | Justis AI