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Deduction; gross receipts tax; jet fuel

NMSA 1978, § 7-9-83
in effect
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7-9-83. Deduction; gross receipts tax; jet fuel Forty percent of the receipts from the sale of fuel specially prepared and sold for use in turboprop or jet-type engines as determined by the department may be deducted from gross receipts. Laws 1993, ch. 364, § 1; 2003, ch. 214, § 2; 2006, ch. 51, § 1; 2011, ch. 74, § 1; 2025, ch. 130, § 77.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do#!b/7-9-83Fetched: 10/20/2026

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