interests. Exempted from the gross receipts tax are the receipts from the sale of or leasing of oil, natural gas or mineral interests. History: 1953 Comp., § 72-16A-12.20, enacted by Laws 1969, ch. 144, § 25.
Exemption; gross receipts tax; oil and gas or mineral
NMSA 1978, § 7-9-32 — under Article 9.
NMSA 1978, § 7-9-32