New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 113 - EXEMPTION - GROSS RECEIPTS TAX - DIVIDENDS AND INTEREST
Section 3.2.113.9 - PAWNBROKERS
Universal Citation: 3 NM Admin Code 3.2.113.9
Current through Register Vol. 35, No. 18, September 24, 2024
Receipts of a person from engaging in pawn transactions, as that term is defined in Section 56-12-2 NMSA 1978, which are received as interest upon money loaned are exempt from the gross receipts tax pursuant to Section 7-9-25 NMSA 1978.
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