New Mexico Statutes Chapter 7. Taxation § 7-9-120. Deduction; gross receipts and governmental gross receipts; feminine hygiene products

A. Receipts from the sale of feminine hygiene products may be deducted from gross receipts and governmental gross receipts.

B. A taxpayer allowed a deduction pursuant to this section shall report the amount of the deduction separately in a manner required by the department.

C. The department shall compile an annual report on the deduction provided by this section that shall include the number of taxpayers that claimed the deduction, the aggregate amount of deductions claimed and any other information necessary to evaluate the effectiveness of the deduction. The department shall present the report to the revenue stabilization and tax policy committee and the legislative finance committee with an analysis of the cost of the deduction.

D. As used in this section, “feminine hygiene products” means tampons, menstrual pads and sanitary napkins, pantiliners, menstrual sponges and menstrual cups.