Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 9 - Gross Receipts and Compensating Tax, 7-9-1 through 7-9-114. > Section 7-9-13 - Exemption; gross receipts tax; governmental agencies.

Section 7-9-13 - Exemption; gross receipts tax; governmental agencies.

7-9-13. Exemption; gross receipts tax; governmental agencies.

A.     Except as otherwise provided in this section, exempted from the gross receipts tax are receipts of:   

(1)     the United States or any agency, department or instrumentality thereof;   

(2)     the state of New Mexico or any political subdivision thereof;   

(3)     any Indian nation, tribe or pueblo from activities or transactions occurring on its sovereign territory; or   

(4)     any foreign nation or agency, instrumentality or political subdivision thereof, but only when required by a treaty in force to which the United States is a party.   

B.     Receipts from the sale of gas or electricity by a utility owned or operated by a county, municipality or other political subdivision of a state are not exempted from the gross receipts tax.   

C.     Receipts from the operation of a cable television system owned or operated by a municipality are not exempted from the gross receipts tax.