Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 9 - Gross Receipts and Compensating Tax, 7-9-1 through 7-9-114. > Section 7-9-62.1 - Deduction; gross receipts tax; aircraft services.

Section 7-9-62.1 - Deduction; gross receipts tax; aircraft services.

7-9-62.1. Deduction; gross receipts tax; aircraft services.

Receipts from maintaining, refurbishing, remodeling or otherwise modifying a commercial or military carrier over ten thousand pounds gross landing weight may be deducted from gross receipts.