New Mexico Statutes 7-9-89. Deduction; [gross receipts tax;] sales to certain accredited diplomats and missions
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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.
Terms Used In New Mexico Statutes 7-9-89
- Forbearance: A means of handling a delinquent loan. A