production, conversion and transmission of electricity. Exempted from the compensating tax is electricity used in the production and transmission of electricity, including transmission using voltage source conversion technology. History: 1953 Comp., § 72-16A-12.26, enacted by Laws 1969, ch. 144, § 31; 2012, ch. 12, § 1.
Exemption; compensating tax; use of electricity in the
NMSA 1978, § 7-9-38 — under Article 9.
NMSA 1978, § 7-9-38