{"data":{"id":"us-nm/7-9-54.5","jurisdiction":"us-nm","citation":"7-9-54.5","heading":"Deduction; compensating tax; test articles.","body":"A. The value of test articles upon which research or testing is conducted in New Mexico pursuant to a contract with the United States department of defense may be deducted in computing the compensating tax due.\nB. As used in this section, \"test article\" means a material or device upon which research or testing is conducted to determine the properties and qualities of the material or the properties, qualities or functioning of the device or a technology used with the device.\nC. The deduction provided by this section does not apply to the value of property purchased by a prime contractor operating a facility designated as a national laboratory by an act of congress.","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":"671852339b77d7b7ccacb31777f7687505878a0bc1e36ee3ad7c84ec2827bced","source_id":"us-nm","stale":false,"prev":"us-nm/7-9-54.4","next":"us-nm/7-9-55"},"notice":"GroundRules: Original legal text. Not legal advice."}