For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Deduction; gross receipts tax; lottery retailer receipts

NMSA 1978, § 7-9-87
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
7-9-87. Deduction; gross receipts tax; lottery retailer receipts Receipts of a lottery game retailer from selling lottery tickets pursuant to the New Mexico Lottery Act [Chapter 6, Article 24 NMSA 1978] may be deducted from gross receipts. Laws 1995, ch. 155, § 35.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do#!b/7-9-87Fetched: 10/20/2026

Starting a business in New Mexico? New Mexico LLC guide: costs and requirements