Deduction; gross receipts tax; lottery retailer receipts.

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

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Receipts of a lottery game retailer from selling lottery tickets pursuant to the New Mexico Lottery Act [Chapter 6, Article 24 NMSA 1978] may be deducted from gross receipts.

History: Laws 1995, ch. 155, § 35.

ANNOTATIONS

Effective dates. — Laws 1995, ch. 155, § 39 made Laws 1995, ch. 155, § 35 effective July 1, 1995.


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