{"data":{"id":"us-nm/7-9-23.1","jurisdiction":"us-nm","citation":"7-9-23.1","heading":"Exemption; compensating tax; boats.","body":"Exempted from the compensating tax is the use of boats on which the tax imposed by Section 66-12-6.1 NMSA 1978 has been paid.","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":"d8f96c0f76d4aba7f22dc55b7c50b5a2e48e3afb1b85d23c952130e3b62eac8e","source_id":"us-nm","stale":false,"prev":"us-nm/7-9-23","next":"us-nm/7-9-24"},"notice":"GroundRules: Original legal text. Not legal advice."}