Exemption; compensating tax; boats.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Gross Receipts and Compensating Tax
  5. Exemption; compensating tax; boats.

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Exempted from the compensating tax is the use of boats on which the tax imposed by Section 66-12-6.1 NMSA 1978 has been paid.

History: 1978 Comp., § 7-9-23.1, enacted by Laws 1987, ch. 247, § 2.

ANNOTATIONS

Effective dates. — Laws 1987, ch. 247, § 13 made Laws 1987, ch. 247, § 2 effective July 1, 1987.


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