New Mexico: Gross Receipts Deduction Extended
- Sales Tax News
- Jun 26, 2015 | Gail Cole
The enactment of New Mexico Senate Bill 448 extends the end date of the deduction from gross receipts for receipts “from transitional acquisition programs performing research and development, test and evaluation at New Mexico major range and test facility bases pursuant to contracts entered into with the United States Department of Defense.” The new end date is June 30, 2025.
Additional information is available in the text of the bill.
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