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Current as of May 06, 2021 | Updated by FindLaw Staff
A. Exempted from the tobacco products tax is the product value of tobacco products sold:
(1) to or by the United States or any agency or instrumentality thereof;
(2) to the governing body or any enrolled tribal member licensed by the governing body of an Indian nation, tribe or pueblo to be distributed on the reservation or pueblo grant of that Indian nation, tribe or pueblo; or
(3) the state of New Mexico or any political subdivision thereof.
B. As used in this section, the term “agency or instrumentality” does not include persons who are agents or instrumentalities of the United States for a particular purpose or only when acting in a particular capacity or corporate agencies or instrumentalities.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 7. Taxation § 7-12A-4. Exemption; tobacco products tax - last updated May 06, 2021 | https://codes.findlaw.com/nm/chapter-7-taxation/nm-st-sect-7-12a-4/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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