Receipts from selling equipment to the New Mexico renewable energy transmission authority or an agent or lessee of the authority may be deducted from gross receipts if the equipment is installed as part of an electric transmission facility or an interconnected storage facility acquired by the authority pursuant to the New Mexico Renewable Energy Transmission Authority Act [Chapter 62, Article 16A NMSA 1978]. History: Laws 2007, ch. 3, § 16. ANNOTATIONSEffective date. — Laws 2007, ch. 3, § 19 made Laws 2007, ch. 3, § 16 effective July 1, 2007.
New Mexico Legal Code