Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 14A - Leased Vehicle Gross Receipts Tax, 7-14A-1 through 7-14A-11. > Section 7-14A-8 - Deduction; trade-in allowance.

Section 7-14A-8 - Deduction; trade-in allowance.

7-14A-8. Deduction; trade-in allowance.

Receipts represented by allowances granted for vehicle trade-ins may be deducted from gross receipts.