New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 106 - EXEMPTION - GROSS RECEIPTS TAX - AGRICULTURAL PRODUCTS
Section 3.2.106.7 - DEFINITIONS
Universal Citation: 3 NM Admin Code 3.2.106.7
Current through Register Vol. 35, No. 18, September 24, 2024
A. AGRICULTURAL PRODUCTS:
(1)
Agricultural products are those products and the intermediate stages thereof
which are normally raised or grown primarily for use as fiber or food for human
or animal consumption.
(2)
Cannabis is not an agricultural product.
B. POULTRY: The term "poultry" means domestic fowl raised for sale or use in the ordinary course of business or for the production of meat, eggs, hides or feathers for sale or use in the ordinary course of business.
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