reglab/housing_qa huggingface dataset:
NM Stat § 7-9-73 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-73 - Deduction; gross receipts tax; governmental gross receipts; sale of prosthetic devices.

Receipts from selling prosthetic devices may be deducted from gross receipts or from governmental gross receipts if the sale is made to a person who is licensed to practice medicine, osteopathic medicine, dentistry, podiatry, optometry, chiropractic or professional nursing and who delivers a nontaxable transaction certificate to the seller. The buyer delivering the nontaxable transaction certificate must deliver the prosthetic device incidental to the performance of a service and must include the value of the prosthetic device in his charge for the service. History: 1953 Comp., § 72-16A-14.30, enacted by Laws 1970, ch. 78, § 2; 1992, ch. 100, § 10. ANNOTATIONSThe 1992 amendment, effective July 1, 1992, inserted "governmental gross receipts" in the section heading, and inserted "or from governmental gross receipts" in the first sentence while therein substituting "osteopathic medicine" for "osteopathy".
NM Stat § 7-9-73.1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-73.1 - Deduction; gross receipts; governmental gross receipts; hospitals.

A. Sixty percent of the receipts of hospitals licensed by the department of health may be deducted from gross receipts; provided that this deduction may be applied only to the taxable gross receipts remaining after all other appropriate deductions have been taken.B. Sixty percent of the receipts of a hospital licensed by the department of health may be deducted from governmental gross receipts. History: Laws 1991, ch. 8, § 3; 1993, ch. 56, § 1; 1995, ch. 50, § 5; 2019, ch. 270, § 35. ANNOTATIONSThe 2019 amendment, effective July 1, 2019, increased the deduction from gross receipts for hospitals licensed by the department of health, and provided a governmental gross receipts tax deduction for hospitals licensed by the department of health; in the section heading, added "governmental gross receipts"; in Subsection A, changed "Fifty" to "Sixty"; and added Subsection B.The 1995 amendment, effective July 1, 1995, added the proviso at the end. The 1993 amendment, effective July 1, 1993, deleted "tax" following "receipts" and "general" preceding "hospitals" in the section heading and rewrote this section which read "Fifty percent of the receipts of general hospitals may be deducted from gross receipts."
NM Stat § 7-9-74 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-74 - Deduction; gross receipts tax; sale of property used in the manufacture of jewelry.

Receipts from selling tangible personal property may be deducted from gross receipts if the sale is made to a person who states in writing that he will use the property so purchased in manufacturing jewelry. The buyer must incorporate the tangible personal property as an ingredient or component part of the jewelry that he is in the business of manufacturing. The deduction allowed a seller under this section shall not exceed five thousand dollars ($5,000) during any twelve-month period attributable to purchases by a single purchaser. History: 1953 Comp., § 72-16A-14.31, enacted by Laws 1971, ch. 217, § 2; 1975, ch. 322, § 1; 1994, ch. 94, § 2. ANNOTATIONSThe 1994 amendment, effective April 1, 1994, deleted the former third sentence which read, "The deduction allowed a seller under this section shall not exceed the sum of one thousand dollars ($1,000) during any twelve month period attributable to purchases by a single purchaser".
NM Stat § 7-9-75 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-75 - Deduction; gross receipts tax; sale of certain services performed directly on product manufactured.

Receipts from selling the service of combining or processing components or materials may be deducted from gross receipts if the sale is made to a person engaged in the business of manufacturing who delivers a nontaxable transaction certificate to the seller. The buyer delivering the nontaxable transaction certificate must have the service performed directly upon tangible personal property which he is in the business of manufacturing or upon ingredients or component parts thereof. History: 1953 Comp., § 72-16A-14.32, enacted by Laws 1972, ch. 39, § 2. ANNOTATIONSEffective dates. — Laws 1972, ch. 39 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 18, 1972, 90 days after the adjournment of the legislature.
NM Stat § 7-9-76 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-76 - Deduction; gross receipts tax; travel agents' commissions paid by certain entities.

Receipts of travel agents derived from commissions paid by maritime transportation companies and interstate airlines, railroads and passenger buses for booking, referral, reservation or ticket services may be deducted from gross receipts. History: 1953 Comp., § 72-16A-14.33, enacted by Laws 1977, ch. 288, § 2. ANNOTATIONSEffective dates. — Laws 1977, ch. 288, § 3 made Laws 1977, ch. 288, § 2 effective July 1, 1977.
NM Stat § 7-9-76.1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-76.1 - Deduction; gross receipts tax; certain manufactured homes.

Receipts from the resale of a manufactured home may be deducted from gross receipts if the sale is made of a manufactured home that was subject to the gross receipts, compensating or motor vehicle excise tax upon its initial sale or use in New Mexico. The seller shall retain and furnish proof satisfactory to the department that a gross receipts, compensating or motor vehicle excise tax was paid upon the initial sale or use in New Mexico of a manufactured home, and in the absence of such proof, it is presumed that the tax was not paid. Proof that a New Mexico certificate of title was issued for a manufactured home in 1972 or a prior year or proof that a manufactured home for which a New Mexico certificate of title has been issued was manufactured in 1967 or a prior year is proof that a motor vehicle excise tax was paid on the initial sale or use in New Mexico of that manufactured home. History: 1978 Comp., § 7-9-76.1, enacted by Laws 1979, ch. 338, § 7; 1980, ch. 103, § 1; 1990, ch. 41, § 9; 1991, ch. 203, § 8. ANNOTATIONSThe 1991 amendment, effective July 1, 1991, substituted "manufactured" for "mobile" in the section heading and throughout the section. The 1990 amendment, effective July 1, 1990, substituted "department" for "director" and made a minor stylistic change in the second sentence.
NM Stat § 7-9-76.2 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-76.2 - Deduction; gross receipts tax; films and tapes.

Receipts from the leasing or licensing of theatrical and television films and tapes to a person engaged in the business of providing public or commercial entertainment from which gross receipts are derived may be deducted from gross receipts. History: 1978 Comp., § 7-9-76.2, enacted by Laws 1984, ch. 2, § 6. ANNOTATIONSEmergency clauses. — Laws 1984, ch. 2, § 14 contained an emergency clause and was approved February 11, 1984. Compiler's notes. — Laws 1984, ch. 129, § 2, also enacted a 7-9-76.2 NMSA 1978, but that section, which related to a deduction of real estate commissions from the gross receipts tax, was redesignated as 7-9-66.1 NMSA 1978. Am. Jur. 2d, A.L.R. and C.J.S. references. — Applicability of sales or use taxes to motion pictures and video tapes, 10 A.L.R.4th 1209.
NM Stat § 7-9-77 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-77 - Deductions; compensating tax.

A. Fifty percent of the value of agricultural implements, farm tractors, aircraft not exempted under Section 7-9-30 NMSA 1978 or vehicles that are not required to be registered under the Motor Vehicle Code [Chapter 66, Articles 1 through 8 NMSA 1978] may be deducted from the value in computing the compensating tax due; provided that, with respect to use of agricultural implements, the person using the property is regularly engaged in the business of farming or ranching. Any deduction allowed under Subsection B of this section is to be taken before the deduction allowed by this subsection is computed. As used in this subsection, "agricultural implement" means a tool, utensil or instrument that is: (1) designed primarily for use with a source of motive power, such as a tractor, in planting, growing, cultivating, harvesting or processing agricultural produce at the place where the produce is grown; in raising poultry or livestock; or in obtaining or processing food or fiber, such as eggs, milk, wool or mohair, from living poultry or livestock at the place where the poultry or livestock are kept for this purpose; and (2) depreciable for federal income tax purposes. B. That portion of the value of tangible personal property on which an allowance was granted to the buyer for a trade-in of tangible personal property of the same type that was bought may be deducted from the value in computing the compensating tax due. History: 1953 Comp., § 72-16A-15, enacted by Laws 1966, ch. 47, § 15; 1969, ch. 144, § 64; 1975, ch. 159, § 2; 1988, ch. 148, § 2; 1998, ch. 89, § 6. ANNOTATIONSThe 1998 amendment, effective July 1, 1998, in Subsection A, added the proviso at the end of the first sentence, added the last sentence and added Paragraphs A(1) and (2). "Vehicle" construed. — To be a "vehicle" within the meaning of Subsection A, a machine must be capable of being utilized as a means of carrying people or other property over the highways. Kaiser Steel Corp. v. Revenue Div., 1981-NMCA-042, 96 N.M. 117, 628 P.2d 687, cert. denied, 96 N.M. 116, 628 P.2d 686. Neither dragline nor continuous miner within scope of section. — Because neither a dragline nor a continuous miner can be classified as a vehicle under Section 66-1-4B NMSA 1978 (now Section 66-1-4.11 NMSA 1978), neither is in the category of "vehicles not required to be registered" within the meaning of this section. Kaiser Steel Corp. v. Revenue Div., 1981-NMCA-042, 96 N.M. 117, 628 P.2d 687, cert. denied, 96 N.M. 116, 628 P.2d 686; Pittsburgh & Midway Coal Mining Co. v. Revenue Div., 1983-NMCA-019, 99 N.M. 545, 660 P.2d 1027, appeal dismissed, 464 U.S. 923, 104 S. Ct. 323, 78 L. Ed. 2d 296 (1983).
NM Stat § 7-9-78.1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-78.1 - Deduction; compensating tax; uranium enrichment plant equipment.

The value of equipment and replacement parts for that equipment may be deducted in computing the compensating tax due if the person uses the equipment and replacement parts to enrich uranium in a uranium enrichment plant. History: Laws 1999, ch. 231, § 4. ANNOTATIONSEffective dates. — Laws 1999, ch. 231, § 5 made Laws 1999, ch. 231, § 4 effective July 1, 1999. Cross references. — For deduction of receipts from enriched uranium and enrichment of uranium, see 7-9-90 NMSA 1978.
NM Stat § 7-9-79 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-79 - Credit; compensating tax.

A. If, on property or services bought outside this state, a gross receipts, sales, compensating or similar tax has been levied by another state or political subdivision thereof on the transaction by which the person using the property or services in New Mexico acquired the property or a compensating, use or similar tax has been levied by another state on the use of the property subsequent to its acquisition by the person using the property or services in New Mexico and such tax has been paid, the amount of such tax paid may be credited against any compensating tax due this state on the same property. The credit allowed pursuant to this subsection shall not exceed the compensating tax due on the property or services used in New Mexico.B. When the receipts from the sale of real property constructed by a person in the ordinary course of the person's construction business are subject to the gross receipts tax, the amount of compensating tax previously paid by the person on materials that became an ingredient or component part of the construction project and on construction services performed upon the construction project may be credited against the gross receipts tax due on the sale. History: 1953 Comp., § 72-16A-16, enacted by Laws 1966, ch. 47, § 16; 1973, ch. 342, § 1; 1991, ch. 203, § 10; 2021, ch. 65, § 25. ANNOTATIONSThe 2021 amendment, effective July 1, 2021, amended the existing credit for compensating taxes paid in another state to include services; and in Subsection A, after the first, second, and fifth occurrence of "property", added "or services", and added the last sentence of the subsection.The 1991 amendment, effective July 1, 1991, inserted "or a compensating, use or similar tax has been levied by another state on the use of the property subsequent to its acquisition by the person using the property in New Mexico" in Subsection A. Am. Jur. 2d, A.L.R. and C.J.S. references. — Validity and construction of provisions allowing use tax credit for tax paid in other state, 31 A.L.R.4th 1206.
NM Stat § 7-9-79.1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-79.1 - Credit; gross receipts tax; services.

If on services performed outside the state a gross receipts sales or similar tax has been levied by another state or a political subdivision thereof and such tax has been paid, the amount of the tax paid may be credited against any gross receipts tax due this state on the receipts after July 1, 1989 from the sale in New Mexico of the product of the services performed outside this state. The amount of credit shall not exceed an amount equal to the rate of tax imposed under Section 7-9-4 NMSA 1978 multiplied by the amount subject to tax by both New Mexico and the other state or political subdivision of that state. History: 1978 Comp., § 7-9-79.1, enacted by Laws 1989, ch. 262, § 8; 1994, ch. 45, § 7. ANNOTATIONSThe 1994 amendment, effective July 1, 1994, added the second sentence and substituted "after July 1, 1989" for "during the period July 1, 1989 through June 30, 1993" in the first sentence.
NM Stat § 7-9-80 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-80 - Repealed.

ANNOTATIONSRepeals. — Laws 1982, ch. 18, § 27, repealed 7-9-80 NMSA 1978, enacted by Laws 1975, ch. 263, § 9, relating to a credit for electrical energy tax or similar tax on generation of electricity which may be applied against any gross receipts tax due, effective July 1, 1982.
NM Stat § 7-9-80.1 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-80.1 - Repealed.

ANNOTATIONSRepeals. — Laws 1989, ch. 115, § 6A repealed 7-9-80.1, as enacted by Laws 1981, ch. 39, § 114, relating to tax credit during period of economic adjustment, effective July 1, 1989.
NM Stat § 7-9-81 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-81 - Repealed.

ANNOTATIONSRepeals. — Laws 1989, ch. 115, § 6A repealed 7-9-81 NMSA 1978, as enacted by Laws 1966, ch. 47, § 19, relating to cross references, effective July 1, 1989.
NM Stat § 7-9-82 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-82 - Repealed.

ANNOTATIONSRepeals. — Laws 2004, ch. 116, § 7 repealed 7-9-82 NMSA 1978, as enacted by Laws 1986, ch. 20, § 68, relating to a municipal gross receipt tax credit equal to one-half of one percent, effective January 1, 2005. For provisions of former section, see the 2003 NMSA 1978 on NMOneSource.com.
NM Stat § 7-9-83 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-83 - Deduction; gross receipts tax; jet fuel.

A. From July 1, 2003 through June 30, 2017, fifty-five percent of the receipts from the sale of fuel specially prepared and sold for use in turboprop or jet-type engines as determined by the department may be deducted from gross receipts. B. After June 30, 2017, forty percent of the receipts from the sale of fuel specially prepared and sold for use in turboprop or jet-type engines as determined by the department may be deducted from gross receipts. History: Laws 1993, ch. 364, § 1; 2003, ch. 214, § 2; 2006, ch. 51, § 1; 2011, ch. 74, § 1. ANNOTATIONSRepeals. — Laws 1995, ch. 36, § 2, effective June 16, 1995, repealed Laws 1993, ch. 364, § 4, as amended by Laws 1994, ch. 5, § 26, which had provided for the repeal of 7-9-83 NMSA 1978, as enacted by Laws 1993, ch. 364, § 1, effective July 1, 1995. The 2011 amendment, effective July 1, 2011, extended the sunset date for the deduction to June 30, 2017. The 2006 amendment, effective May 17, 2006, changed "June 30, 2007" to "June 30, 2012" in Subsections A and B. The 2003 amendment, effective July 1, 2003, added present Subsection B and inserted "From July 1, 2003 through June 30, 2007, fifty-five percent of the receipts" for "Forty percent of the receipts" at the beginning of Subsection A.
NM Stat § 7-9-84 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-84 - Deduction; compensating tax; jet fuel.

A. From July 1, 2003 through June 30, 2017, fifty-five percent of the value of the fuel specially prepared and sold for use in turboprop or jet-type engines as determined by the department may be deducted in computing the compensating tax due. B. After June 30, 2017, forty percent of the value of the fuel specially prepared and sold for use in turboprop or jet-type engines as determined by the department may be deducted in computing the compensating tax due. History: Laws 1993, ch. 364, § 2; 2003, ch. 214, § 3; 2006, ch. 51, § 2; 2011, ch. 74, § 2. ANNOTATIONSRepeals. — Laws 1995, ch. 36, § 2, effective June 16, 1995, repealed Laws 1993, ch. 364, § 4, as amended by Laws 1994, ch. 5, § 26, which had provided for the repeal of 7-9-84 NMSA 1978, as enacted by Laws 1993, ch. 364, § 2, effective July 1, 1995. The 2011 amendment, effective July 1, 2011, extended the sunset date for the deduction to June 30, 2017. The 2006 amendment, effective May 17, 2006, changed "June 30, 2007" to "June 30, 2012" in Subsections A and B. The 2003 amendment, effective July 1, 2003 added present Subsection B and inserted "From July 1, 2003 through June 30, 2007, fifty-five percent of the receipts" for "The" at the beginning of Subsection A and deleted "from the value of such fuel" following "may be deducted".
NM Stat § 7-9-85 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-85 - Deduction; gross receipts tax; certain organization fundraisers.

Receipts from not more than two fundraising events annually conducted by an organization that is exempt from the federal income tax as an organization described in Section 501(c), other than an organization described in Section 501(c)(3), of the United States Internal Revenue Code of 1986, as amended may be deducted from gross receipts. History: Laws 1994, ch. 43, § 1. ANNOTATIONSEffective dates. — Laws 1994, ch. 43, § 2 made Laws 1994, ch. 43, § 1 effective July 1, 1994. Cross references. — For Section 501 of the Internal Revenue Code, see 26 U.S.C. § 501.
NM Stat § 7-9-86 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-86 - Deduction; gross receipts tax; sales to qualified film production company.

A. Receipts from selling or leasing property and from performing services may be deducted from gross receipts or from governmental gross receipts if the sale, lease or performance is made to a qualified production company that delivers a nontaxable transaction certificate to the seller, lessor or performer. B. For the purposes of this section: (1) "film" means a single media or multimedia program, including an advertising message, that: (a) is fixed on film, digital medium, videotape, computer disc, laser disc or other similar delivery medium; (b) can be viewed or reproduced; (c) is not intended to and does not violate a provision of Chapter 30, Article 37 NMSA 1978; and (d) is intended for reasonable commercial exploitation for the delivery medium used; (2) "production company" means a person that produces one or more films for exhibition in theaters, on television or elsewhere; (3) "production costs" means the costs of the following: (a) a story and scenario to be used for a film; (b) salaries of talent, management and labor, including payments to personal services corporations for the services of a performing artist; (c) set construction and operations, wardrobe, accessories and related services; (d) photography, sound synchronization, lighting and related services; (e) editing and related services; (f) rental of facilities and equipment; or (g) other direct costs of producing the film in accordance with generally accepted entertainment industry practice; and (4) "qualified production company" means a production company that meets the provisions of this section and has registered or will register with the New Mexico film division of the economic development department. C. A qualified production company may deliver the nontaxable transaction certificates authorized by this section only with respect to production costs. History: Laws 1995, ch. 80, § 1; 2003, ch. 127, § 3. ANNOTATIONSCross references. — For Section 62b of the Internal Revenue Code, see 26 U.S.C. § 62b. The 2003 amendment, effective July 1, 2003, substituted "that" for "who" following "qualified production company" in Subsection A and rewrote Subsection B. Severability. — Laws 2003, ch. 127, § 4 provided for the severability of the act if any part or application thereof is held invalid.
NM Stat § 7-9-87 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-87 - Deduction; gross receipts tax; lottery retailer receipts.

Receipts of a lottery game retailer from selling lottery tickets pursuant to the New Mexico Lottery Act [Chapter 6, Article 24 NMSA 1978] may be deducted from gross receipts. History: Laws 1995, ch. 155, § 35. ANNOTATIONSEffective dates. — Laws 1995, ch. 155, § 39 made Laws 1995, ch. 155, § 35 effective July 1, 1995.
NM Stat § 7-9-88 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-88 - Repealed.

ANNOTATIONSRepeals. — Laws 2003, ch. 414, § 3 repealed 7-9-88 NMSA 1978, as enacted by Laws 1997, ch. 64, § 2, relating to credit; gross receipts tax; tax paid to Santa Clara pueblo. For provisions of former section, see the 2002 NMSA 1978 on NMOneSource.com. For similar present provision, see 7-9-88.1 NMSA 1978.
NM Stat § 7-9-89 (2021)
2021 New Mexico Statutes|Chapter 7 - Taxation|Article 9 - Gross Receipts and Compensating Tax|Section 7-9-89 - Deduction; [gross receipts tax;] sales to certain accredited diplomats and missions.

Receipts from selling or leasing property to, or from performing services for, an accredited foreign mission or an accredited member of a foreign mission may be deducted from gross receipts when a treaty in force to which the United States is a party requires forbearance of tax when the legal incidence is upon the buyer or when the tax is customarily passed on to the buyer. History: Laws 1998, ch. 89, § 2. ANNOTATIONSEffective dates. — Laws 1998, ch. 89, § 7 made Laws 1998, ch. 89, § 2 effective July 1, 1998. Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.