Exempted from the governmental gross receipts tax are receipts from transactions involving tangible personal property or services on which receipts or transactions the gross receipts tax, compensating tax, motor vehicle excise tax, gasoline tax, special fuel tax, special fuel excise tax, oil and gas emergency school tax, resources tax, processors tax, service tax or the excise tax imposed under Section 66-12-6.1 NMSA 1978 is imposed. History: Laws 1992, ch. 100, § 3; 1993, ch. 31, § 4. ANNOTATIONSThe 1993 amendment, effective July 1, 1993, inserted 'special fuel excise tax,' near the end of this section.
New Mexico Legal Code