Section 7-9-41.1 - Exemption; gross receipts tax and governmental gross receipts tax; athletic facility surcharge.

NM Stat § 7-9-41.1 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Exempted from the gross receipts tax and from the governmental gross receipts tax are the receipts of a university from an athletic facility surcharge imposed pursuant to the University Athletic Facility Funding Act [21-30-1 to 21-30-10 NMSA 1978].

History: Laws 2007, ch. 117, § 1.

Emergency clause. — Laws 2007, ch. 117, § 12 contained an emergency clause and was approved March 30, 2007.