{"data":{"id":"us-nm/7-9-12","jurisdiction":"us-nm","citation":"7-9-12","heading":"Exemptions.","body":"Exemptions from either the gross receipts tax or the compensating tax are not exemptions from both taxes unless explicitly stated otherwise by law.","path":["Chapter 7 - Taxation","ARTICLE 9 Gross Receipts and Compensating 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":"9070126060e103de5142abf2efd391f85f3ab42a370d26bd6f7c64ffc889d6c4","source_id":"us-nm","stale":false,"prev":"us-nm/7-9-11","next":"us-nm/7-9-12.1"},"notice":"GroundRules: Original legal text. Not legal advice."}