N.M. Admin. Code § 3.2.106.8

Current through Register Vol. 35, No. 24, December 23, 2024

Section 3.2.106.8 - LEASE OF LIVESTOCK

Receipts derived from the lease of livestock employed in New Mexico are subject to the gross receipts tax. The exemption provided in Section 7-9-18 NMSA 1978 does not apply to these receipts.

3/9/72, 11/20/72, 3/20/74, 7/26/76, 6/18/79, 4/7/82, 5/4/84, 4/2/86, 11/26/90, 11/15/96; 3.2.106.8 NMAC - Rn, 3 NMAC 2.18.1.8 & A, 5/15/01