Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 9 - Gross Receipts and Compensating Tax, 7-9-1 through 7-9-114. > Section 7-9-38 - Exemption; compensating tax; use of electricity in the production and transmission of electricity.

Section 7-9-38 - Exemption; compensating tax; use of electricity in the production and transmission of electricity.

7-9-38. Exemption; compensating tax; use of electricity in the production and transmission of electricity.

Exempted from the compensating tax is electricity used in the production and transmission of electricity.