Exemption; purchases for resale.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Municipal and County Gross Receipts Tax on Liquor
  5. Exemption; purchases for resale.

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Exempted from any local liquor excise tax are purchases for sale to retailers for resale.

History: Laws 1989, ch. 326, § 6.

ANNOTATIONS

Effective dates. — Laws 1989, ch. 326 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 16, 1989, 90 days after the adjournment of the legislature.


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