Exempted from the gross receipts tax are the receipts received as interest on money loaned or deposited, receipts received as dividends or interest from stocks, bonds or securities or receipts from the sale of stocks, bonds or securities. History: 1953 Comp., § 72-16A-12.13, enacted by Laws 1969, ch. 144, § 18. Effective dates. — Laws 1969, ch. 144, § 68 made Laws 1969, ch. 144, § 18 effective July 1, 1969. Pawnbroker's receipts from sales of pawned chattel were not exempt or deductible from gross receipts tax as the recoupment of principal, interest, and handling charges attendant to the initial loan transaction. Wing Pawn Shop v. Taxation & Revenue Dep't , 1991-NMCA-024, 111 N.M. 735, 809 P.2d 649 (decided on facts existing prior to enactment of Pawnbrokers Act, Section 56-12-1 NMSA 1978 et seq.)
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