Exemption; gross receipts tax and governmental gross receipts tax; athletic facility surcharge.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Gross Receipts and Compensating Tax
  5. Exemption; gross receipts tax and governmental gross receipts tax; athletic facility surcharge.

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Exempted from the gross receipts tax and from the governmental gross receipts tax are the receipts of a university from an athletic facility surcharge imposed pursuant to the University Athletic Facility Funding Act [21-30-1 to 21-30-10 NMSA 1978].

History: Laws 2007, ch. 117, § 1.

ANNOTATIONS

Emergency clause. — Laws 2007, ch. 117, § 12 contained an emergency clause and was approved March 30, 2007.


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