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Deduction; gross receipts tax; locomotive engine fuel

NMSA 1978, § 7-9-110.1
in effect
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7-9-110.1. Deduction; gross receipts tax; locomotive engine fuel Receipts from the sale of fuel to a common carrier to be loaded or used in a locomotive engine may be deducted from gross receipts. For the purposes of this section, "locomotive engine" means a wheeled vehicle consisting of a self-propelled engine that is used to draw trains along railway tracks. Laws 2011, ch. 60, § 1 and Laws 2011, ch. 61, § 1.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do#!b/7-9-110.1Fetched: 10/20/2026

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