Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 9 - Gross Receipts and Compensating Tax, 7-9-1 through 7-9-114. > Section 7-9-102 - Deduction; compensating tax; equipment for certain electric transmission or storage facilities.

Section 7-9-102 - Deduction; compensating tax; equipment for certain electric transmission or storage facilities.

7-9-102. Deduction; compensating tax; equipment for certain electric transmission or storage facilities.

The value of equipment installed as part of an electric transmission facility or an interconnected storage facility acquired by the New Mexico renewable energy transmission authority pursuant to the New Mexico Renewable Energy Transmission Authority Act [62-16A-1 NMSA 1978] may be deducted in computing compensating tax due.