New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 212 - IMPOSITION AND RATE OF GOVERNMENTAL GROSS RECEIPTS TAX
Section 3.2.212.23 - SALE OF A LICENSE TO A GOVERNMENT
Universal Citation: 3 NM Admin Code 3.2.212.23
Current through Register Vol. 35, No. 18, September 24, 2024
Licenses are intangible property. Receipts from selling licenses are not deductible under Section 7-9-54 NMSA 1978.
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