New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 118 - EXEMPTION - COMPENSATING TAX - RAILROAD EQUIPMENT AND AIRCRAFT
Section 3.2.118.7 - RAILROAD DEFINED
Universal Citation: 3 NM Admin Code 3.2.118.7
Current through Register Vol. 35, No. 18, September 24, 2024
A "railroad" is an enterprise created and operated to carry on a fixed track passengers and freight, or passengers or freight, for rates or tolls, without discrimination as to those who demand transportation.
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