Exempted from the gross receipts tax are the receipts from selling boats on which a tax is imposed by Section 66-12-6.1 NMSA 1978. History: 1978 Comp., § 7-9-22.1, enacted by Laws 1987, ch. 247, § 1. ANNOTATIONSEffective dates. — Laws 1987, ch. 247, § 13 made Laws 1987, ch. 247, § 1 effective July 1, 1987.
New Mexico Legal Code