N.M. Admin. Code § 3.2.114.9
Current through Register Vol. 35, No. 23, December 10, 2024
Section 3.2.114.9 - TURBO PROP AND JET FUELA. Receipts from the sale of fuel, specially prepared and sold for use in turbo prop or jet type engines, are subject to the gross receipts tax.B. These receipts are not exempt under Section 7-9-26 NMSA 1978 because products specially prepared and sold for use in turbo prop or jet type engines are not taxed under Section 7-13-3 NMSA 1978 or Section 7-16A-3 NMSA 1978, because of the definition of gasoline in Section 7-13-2 NMSA 1978 and special fuel in Section 7-16A-2 NMSA 1978.N.M. Admin. Code § 3.2.114.9
12/5/69, 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; 3.2.114.9 NMAC - Rn, 3 NMAC 2.26.9 & A, 5/15/01