§ 7-9-1 Short title
§ 7-9-2 Purpose
§ 7-9-3 Definitions
§ 7-9-3.2 Additional definition
§ 7-9-3.3 Definition; engaging in business
§ 7-9-3.4 Definitions; construction, construction materials and construction-related services
§ 7-9-3.5 Definition; gross receipts
§ 7-9-4 Imposition and rate of tax; denomination as “gross receipts tax”
§ 7-9-4.3 Imposition and rate of tax; denomination as “governmental gross receipts tax”
§ 7-9-5 Presumption of taxability
§ 7-9-6 Separately stating the gross receipts tax
§ 7-9-7 Imposition and rate of tax; denomination as “compensating tax”
§ 7-9-7.1 Department barred from taking collection actions with respect to certain tax liabilities
§ 7-9-7.2 Authority to establish standards for certified service providers
§ 7-9-8 Presumption of taxability and value
§ 7-9-9 Liability of user for payment of compensating tax
§ 7-9-10 Agents for collection of compensating tax; duties
§ 7-9-11 Date payment due
§ 7-9-12 Exemptions
§ 7-9-13 Exemption; gross receipts tax; governmental agencies
§ 7-9-13.1 Exemption; gross receipts tax; certain services
§ 7-9-13.2 Exemption; governmental gross receipts tax; receipts subject to certain other taxes
§ 7-9-13.3 Exemption; gross receipts tax and governmental gross receipts tax; stadium surcharge
§ 7-9-13.4 Exemption; gross receipts tax; sale of textbooks from certain bookstores to enrolled students
§ 7-9-13.5 Exemption; gross receipts tax and governmental gross receipts tax; event center surcharge
§ 7-9-14 Exemption; compensating tax; governmental agencies; Indians
§ 7-9-15 Exemption; compensating tax; certain organizations
§ 7-9-17 Exemption; gross receipts tax; wages
§ 7-9-18 Exemption; gross receipts tax and governmental gross receipts tax; agricultural products
§ 7-9-18.1 Exemption; gross receipts tax; food stamps
§ 7-9-19 Exemption; gross receipts tax; livestock feeding
§ 7-9-20 Exemption; gross receipts tax; certain receipts of homeowners associations
§ 7-9-22 Exemption; gross receipts tax; vehicles
§ 7-9-22.1 Exemption; gross receipts tax; boats
§ 7-9-23 Exemption; compensating tax; vehicles
§ 7-9-23.1 Exemption; compensating tax; boats
§ 7-9-24 Exemption; gross receipts tax; insurance companies
§ 7-9-25 Exemption; gross receipts tax; dividends and interest
§ 7-9-26 Exemption; gross receipts and compensating tax; fuel
§ 7-9-26.1 Exemption; gross receipts tax and compensating tax; fuel for space vehicles
§ 7-9-27 Exemption; compensating tax; personal effects
§ 7-9-28 Exemption; gross receipts tax; occasional sale of property or services
§ 7-9-29 Exemption; gross receipts tax; certain organizations;
§ 7-9-30 Exemption; compensating tax; railroad equipment, aircraft and space vehicles
§ 7-9-31 Exemption; gross receipts and compensating tax; resale activities of an armed forces instrumentality
§ 7-9-32 Exemption; gross receipts tax; oil and gas or mineral interests
§ 7-9-33 Exemption; gross receipts tax; products subject to Oil and
§ 7-9-34 Exemption; gross receipts tax; refiners and persons subject to Natural Gas Processors Tax Act
§ 7-9-35 Exemption; gross receipts tax; natural resources subject to
§ 7-9-36 Exemption; gross receipts tax; oil and gas consumed in the pipeline transportation of oil and gas products
§ 7-9-37 Exemption; compensating tax; use of oil and gas in the pipeline transportation of oil and gas products
§ 7-9-38 Exemption; compensating tax; use of electricity in the production, conversion and transmission of electricity
§ 7-9-38.1 Exemption; gross receipts tax; interstate telecommunications services
§ 7-9-38.2 Exemption; gross receipts tax; sale of certain telecommunications services
§ 7-9-39 Exemption; gross receipts tax; fees from social organizations
§ 7-9-40 Exemption; gross receipts tax; purses and jockey remuneration at New Mexico racetracks; receipts from gross amounts wagered
§ 7-9-41 Exemption; gross receipts tax; religious activities
§ 7-9-41.1 Exemption; gross receipts tax and governmental gross receipts tax; athletic facility surcharge
§ 7-9-41.3 Exemption; receipts from sales by disabled street vendors
§ 7-9-41.4 Exemption; officiating at New Mexico activities association-sanctioned school events
§ 7-9-41.5 Exemption; nonprofit hospitals from local option gross receipts taxes
§ 7-9-41.6 Exemption; gross receipts; certain health care providers from certain federal payments
§ 7-9-43 Nontaxable transaction certificates and other evidence required to entitle persons to deductions
§ 7-9-43.1 Nontaxable transaction certificates not required by liquor wholesalers
§ 7-9-45 Deductions
§ 7-9-46 Deduction; gross receipts; governmental gross receipts;
§ 7-9-46.1 Deduction; gross receipts; governmental gross receipts;
§ 7-9-47 Deduction; gross receipts tax; governmental gross receipts tax; sale of tangible personal property or licenses for resale
§ 7-9-48 Deduction; gross receipts tax; governmental gross receipts;
§ 7-9-49 Deduction; gross receipts tax; sale of tangible personal property and licenses for leasing
§ 7-9-50 Deduction; gross receipts tax; lease for subsequent lease
§ 7-9-51 Deduction; gross receipts tax; sale of construction material to persons engaged in the construction business
§ 7-9-52 Deduction; gross receipts tax; sale of construction services and construction-related services to persons engaged in the construction business
§ 7-9-52.1 Deduction; gross receipts tax; lease of construction equipment to persons engaged in the construction business
§ 7-9-53 Deduction; gross receipts tax; sale or lease of real property and lease of manufactured homes
§ 7-9-54 Deduction; gross receipts tax; governmental gross receipts tax; sales to governmental agencies
§ 7-9-54.1 Deduction; gross receipts from sale of aerospace services to certain organizations
§ 7-9-54.2 Gross receipts; deduction; spaceport operation; space operations; launching, operating and recovering space vehicles or payloads; payload services; operationally responsive space program services
§ 7-9-54.3 Deduction; gross receipts tax; wind and solar generation equipment; energy storage equipment; sales to governments
§ 7-9-54.4 Deduction; compensating tax; space-related test articles
§ 7-9-54.5 Deduction; compensating tax; test articles
§ 7-9-55 Deduction; gross receipts tax; governmental gross receipts tax; transaction in interstate commerce
§ 7-9-56 Deduction; gross receipts tax; intrastate transportation and services in interstate commerce
§ 7-9-56.1 Deduction; gross receipts tax; internet services
§ 7-9-56.2 Deduction; gross receipts tax; hosting world wide web sites
§ 7-9-56.3 Deduction; gross receipts; trade-support company in a border zone
§ 7-9-57 Deduction; gross receipts tax; sale of certain services to an out-of-state buyer
§ 7-9-57.2 Deduction; gross receipts tax; sale of software development services
§ 7-9-58 Deduction; gross receipts tax; feed; fertilizers
§ 7-9-58.1 Credit; gross receipts tax; sale of dyed special fuel used for agricultural purposes
§ 7-9-59 Deduction; gross receipts tax; warehousing, threshing, harvesting, growing, cultivating and processing agricultural products; testing or transporting milk
§ 7-9-60 Deduction; gross receipts tax; governmental gross receipts tax; sales to certain organizations
§ 7-9-61.1 Deduction; gross receipts tax; certain receipts
§ 7-9-61.2 Deduction; receipts from sales to state-chartered credit unions
§ 7-9-62 Deduction; gross receipts tax; agricultural implements; aircraft manufacturers; vehicles that are not required to be registered; aircraft parts and maintenance services; reporting requirements
§ 7-9-62.1 Deduction; gross receipts tax; aircraft sales and services;
§ 7-9-63 Deduction; gross receipts tax; publication sales
§ 7-9-64 Deduction; gross receipts tax; newspaper sales
§ 7-9-65 Deduction; gross receipts tax; chemicals and reagents
§ 7-9-66 Deduction; gross receipts tax; commissions
§ 7-9-66.1 Deduction; gross receipts tax; certain real estate transactions
§ 7-9-67 Deduction; gross receipts tax; governmental gross receipts tax; refunds; uncollectible debts
§ 7-9-68 Deduction; gross receipts tax; warranty obligations
§ 7-9-69 Deduction; gross receipts tax; administrative and accounting services
§ 7-9-70 Deduction; gross receipts tax; rental or lease of vehicles used in interstate commerce
§ 7-9-71 Deduction; gross receipts tax; trade-in allowance
§ 7-9-73 Deduction; gross receipts tax; governmental gross receipts;
§ 7-9-73.1 Deduction; gross receipts; governmental gross receipts;
§ 7-9-73.2 Deduction; gross receipts tax and governmental gross receipts tax; prescription drugs; oxygen; cannabis
§ 7-9-73.3 Deduction; gross receipts tax and governmental gross receipts tax; durable medical equipment; medical supplies
§ 7-9-73.4 Deduction; gross receipts tax; environmental modifications for medicaid recipients
§ 7-9-74 Deduction; gross receipts tax; sale of property used in the manufacture of jewelry
§ 7-9-75 Deduction; gross receipts tax; sale of certain services performed directly on product manufactured
§ 7-9-76 Deduction; gross receipts tax; travel agents’ commissions paid by certain entities
§ 7-9-76.1 Deduction; gross receipts tax; certain manufactured homes
§ 7-9-76.2 Deduction; gross receipts tax; films and tapes
§ 7-9-77 Deductions; compensating tax
§ 7-9-77.1 Deduction; gross receipts tax; certain medical and health care services
§ 7-9-77.2 Deductions; gross receipts; child care assistance through a licensed child care assistance program; pre-kindergarten services by for-profit pre-kindergarten providers
§ 7-9-78 Deductions; compensating tax; use of tangible personal property for leasing
§ 7-9-78.1 Deduction; compensating tax; uranium enrichment plant equipment
§ 7-9-79 Credit; compensating tax
§ 7-9-79.1 Credit; gross receipts tax; services
§ 7-9-79.2 Gross receipts tax; compensating tax; biodiesel blending facility tax credit
§ 7-9-83 Deduction; gross receipts tax; jet fuel
§ 7-9-84 Deduction; compensating tax; jet fuel
§ 7-9-85 Deduction; gross receipts tax; certain organization fundraisers
§ 7-9-87 Deduction; gross receipts tax; lottery retailer receipts
§ 7-9-88.1 Credit; gross receipts tax; tax paid to certain tribes
§ 7-9-88.2 Credit; gross receipts tax; tax paid to Navajo Nation on receipts from selling coal
§ 7-9-89 Deduction; [gross receipts tax;] sales to certain accredited diplomats and missions
§ 7-9-90 Deductions; gross receipts tax; sales of uranium hexafluoride and enrichment of uranium
§ 7-9-91 Deduction; compensating tax; contributions of inventory to certain organizations and governmental agencies
§ 7-9-92 Deduction; gross receipts; sale of food at retail food store
§ 7-9-93 Deduction; gross receipts; certain receipts for services provided by health care practitioner or association of health care practitioners
§ 7-9-94 Deduction; gross receipts; military transformational acquisition programs
§ 7-9-95 Deduction; gross receipts tax; sales of certain tangible personal property; limited period
§ 7-9-96.2 Credit; gross receipts tax; unpaid charges for services provided in a hospital
§ 7-9-96.3 Technology readiness gross receipts tax credit
§ 7-9-97 Deduction; gross receipts tax; receipts from certain purchases by or on behalf of the state
§ 7-9-98 Deduction; compensating tax; biomass-related equipment;
§ 7-9-99 Deduction; gross receipts tax; sale of engineering, architectural and new facility construction services used in construction of certain public health care facilities
§ 7-9-100 Deduction; gross receipts tax; sale of construction equipment and construction materials used in new facility construction of a sole community provider hospital [qualifying hospital] that is located in a federally designated health professional shortage a
§ 7-9-101 Deduction; gross receipts; equipment for certain electric transmission or storage facilities
§ 7-9-102 Deduction; compensating tax; equipment for certain electric transmission or storage facilities
§ 7-9-103 Deduction; gross receipts; services provided for certain electric transmission and storage facilities
§ 7-9-103.1 Deduction; gross receipts tax; converting electricity
§ 7-9-103.2 Deduction; gross receipts; electricity exchange
§ 7-9-104 Deduction; gross receipts; nonathletic special event at post-secondary educational institution
§ 7-9-107 Deduction; gross receipts tax; production or staging of professional contests
§ 7-9-108 Deduction; gross receipts; receipts from performing management or investment advisory services for mutual funds, hedge funds or real estate investment trusts
§ 7-9-109 Deduction; gross receipts tax; veterinary medical services, medicine or medical supplies used in medical treatment of cattle
§ 7-9-110.1 Deduction; gross receipts tax; locomotive engine fuel
§ 7-9-110.2 Deduction; compensating tax; locomotive engine fuel
§ 7-9-110.3 Purpose and requirements of locomotive fuel deduction
§ 7-9-111 Deduction; gross receipts; hearing aids and vision aids and related services
§ 7-9-112 Deduction; gross receipts; solar energy systems
§ 7-9-112.1 Deductions; gross receipts tax; compensating tax; geothermal electricity generation-related sales and use. (Effective January 1, 2025.)
§ 7-9-115 Deduction; gross receipts tax; goods and services for the department of defense related to directed energy and satellites
§ 7-9-116 Deduction; gross receipts tax; retail sales by certain businesses
§ 7-9-117 Deduction; gross receipts; governmental gross receipts;
§ 7-9-118 Deduction; gross receipts; food or beverage establishments
§ 7-9-119 Deduction; sales made by dispenser’s license holder
§ 7-9-120 Deduction; gross receipts and governmental gross receipts; feminine hygiene products
§ 7-9-121 Credit; gross receipts tax; legal services for wildfire compensation recovery
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Terms Used In New Mexico Statutes > Chapter 7 > Article 9 - Gross Receipts and Compensating Tax

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Dependent: A person dependent for support upon another.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Forbearance: A means of handling a delinquent loan. A
  • Grantor: The person who establishes a trust and places property into it.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Venue: The geographical location in which a case is tried.