Deduction; trade-in allowance.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Leased Vehicle Gross Receipts Tax
  5. Deduction; trade-in allowance.

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Receipts represented by allowances granted for vehicle trade-ins may be deducted from gross receipts.

History: Laws 1991, ch. 197, § 12.

ANNOTATIONS

Effective dates. — Laws 1991, ch. 197, § 16 made Laws 1991, ch. 197, § 12 effective July 1, 1991.


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