Deduction; gross receipts tax; warranty obligations.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Gross Receipts and Compensating Tax
  5. Deduction; gross receipts tax; warranty obligations.

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Receipts of a dealer from furnishing goods or services to the purchaser of tangible personal property to fulfill a warranty obligation of the manufacturer of the property may be deducted from gross receipts.

History: 1953 Comp., § 72-16A-14.25, enacted by Laws 1969, ch. 144, § 60.

ANNOTATIONS

Effective dates. — Laws 1969, ch. 144, § 68 made Laws 1969, ch. 144, § 60 effective July 1, 1969.


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