State Codes and Statutes
Statutes > New-mexico > Chapter-7 > Article-9 > Section-7-9-227-9-22. Exemption; gross receipts tax; vehicles.
Exempted from the gross receipts tax are the receipts from selling vehicles on which a tax is imposed by the Motor Vehicle Excise Tax Act [7-14-1 NMSA 1978], vehicles subject to registration under Section 66-3-16 NMSA 1978 and vehicles exempt from the motor vehicle excise tax pursuant to Subsection F of Section 7-14-6 NMSA 1978.