N.M. Stat. § 7-9-28

Exemption; gross receipts tax; occasional sale of property

Last amended: 1969Year: 2026Length: 53 wordsOfficial source
or services. Exempted from the gross receipts tax are the receipts from the isolated or occasional sale of or leasing of property or a service by a person who is neither regularly engaged nor holding himself out as engaged in the business of selling or leasing the same or similar property or service.
N.M. Stat. § 7-9-28: Exemption; gross receipts tax; occasional sale of property | Justis AI