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New Mexico Statutes Chapter 7. Taxation § 7-9-19. Exemption; gross receipts tax; livestock feeding

Current as of January 01, 2024 | Updated by FindLaw Staff

A. Exempted from the gross receipts tax are the receipts of any person derived from feeding or pasturing livestock.

B. Receipts derived from penning or handling livestock prior to sale are receipts derived from feeding livestock for the purposes of this section.

C. Receipts derived from training livestock are receipts derived from feeding livestock for the purposes of this section.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 7. Taxation § 7-9-19. Exemption; gross receipts tax; livestock feeding - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-7-taxation/nm-st-sect-7-9-19/

Read this complete New Mexico Statutes Chapter 7. Taxation § 7-9-19. Exemption; gross receipts tax; livestock feeding on Westlaw. Westlaw subscription required.

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