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Exemption; gross receipts tax and compensating tax; fuel for space vehicles

NMSA 1978, § 7-9-26.1
in effect
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7-9-26.1. Exemption; gross receipts tax and compensating tax; fuel for space vehicles A. Exempted from the gross receipts tax are the receipts from selling fuel, oxidizer or a substance that combines fuel and oxidizer to propel space vehicles or to operate space vehicle launchers. B. Exempted from the compensating tax is the use of fuel, oxidizer or a substance that combines fuel and oxidizer to propel space vehicles or to operate space vehicle launchers. 1978 Comp., § 7-9-26.1, enacted by Laws 2003, ch. 62, § 1.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do#!b/7-9-26.1Fetched: 10/20/2026

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