Receipts from selling prosthetic devices may be deducted from gross receipts or from governmental gross receipts if the sale is made to a person who is licensed to practice medicine, osteopathic medicine, dentistry, podiatry, optometry, chiropractic or professional nursing and who delivers a nontaxable transaction certificate to the seller. The buyer delivering the nontaxable transaction certificate must deliver the prosthetic device incidental to the performance of a service and must include the value of the prosthetic device in his charge for the service. History: 1953 Comp., § 72-16A-14.30, enacted by Laws 1970, ch. 78, § 2; 1992, ch. 100, § 10. ANNOTATIONSThe 1992 amendment, effective July 1, 1992, inserted 'governmental gross receipts' in the section heading, and inserted 'or from governmental gross receipts' in the first sentence while therein substituting 'osteopathic medicine' for 'osteopathy'.
New Mexico Legal Code