Exempted from the gross receipts and compensating tax are the receipts from selling tangible personal property and the use of property by any instrumentality of the armed forces of the United States engaged in resale activities. History: 1953 Comp., § 72-16A-12.19, enacted by Laws 1969, ch. 144, § 24. Effective dates. — Laws 1969, ch. 144, § 68 made Laws 1969, ch. 144, § 24 effective July 1, 1969.
‹ Prev All New Mexico sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.