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Form a Business

Exemption; gross receipts tax; oil and gas or mineral interests

NMSA 1978, § 7-9-32
in effect
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7-9-32. Exemption; gross receipts tax; oil and gas or mineral interests Exempted from the gross receipts tax are the receipts from the sale of or leasing of oil, natural gas or mineral interests. 1953 Comp., § 72-16A-12.20, enacted by Laws 1969, ch. 144, § 25.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do#!b/7-9-32Fetched: 10/20/2026

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