Deduction; gross receipts tax; warranty obligations

NMSA 1978, § 7-9-68 — under Article 9.

NMSA 1978, § 7-9-68

Receipts of a dealer from furnishing goods or services to the purchaser of tangible personal property to fulfill a warranty obligation of the manufacturer of the property may be deducted from gross receipts. History: 1953 Comp., § 72-16A-14.25, enacted by Laws 1969, ch. 144, § 60.