N.M. Admin. Code § 3.2.212.27
Current through Register Vol. 35, No. 24, December 23, 2024
Gases, such as natural gas, nitrogen, carbon dioxide, helium, propane, oxygen, acetylene and nitrous oxide, are tangible personal property. Therefore receipts from selling gases to a governmental agency may be deducted from gross receipts under Section 7-9-54 NMSA 1978.
N.M. Admin. Code § 3.2.212.27