{"data":{"id":"us-nm/7-16a-9.4","jurisdiction":"us-nm","citation":"7-16A-9.4","heading":"Reporting requirements; special fuel deduction; biodiesel.","body":"A. A taxpayer that deducts an amount of special fuel that is biodiesel from the total amount of special fuel received in New Mexico pursuant to Paragraph (2) of Subsection H of Section 7-16A-10 NMSA 1978 shall report the deducted amount separately with the taxpayer's return in a manner prescribed by the department.\nB. The deduction provided by this section shall be included in the tax expenditure budget pursuant to Section 7-1-84 NMSA 1978, including the annual aggregate cost of the deduction.","path":["Chapter 7 - Taxation","ARTICLE 16A Special Fuels Supplier Tax"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"6e79660e0dc9877596366e240631a22dca8fe03037fc3ac6bab2f629c02638db","source_id":"us-nm","stale":false,"prev":"us-nm/7-16a-9.3","next":"us-nm/7-16a-10"},"notice":"GroundRules: Original legal text. Not legal advice."}