{"data":{"id":"us-nm/7-9-66","jurisdiction":"us-nm","citation":"7-9-66","heading":"Deduction; gross receipts tax; commissions.","body":"A. Receipts derived from commissions on sales of tangible personal property which are not subject to the gross receipts tax may be deducted from gross receipts.\nB. Receipts of the owner of a dealer store derived from commissions received for performing the service of selling from the owner's dealer store a principal's tangible personal property may be deducted from gross receipts.\nC. As used in this section, \"dealer store\" means a merchandise facility open to the public that is owned and operated by a person who contracts with a principal to act as an agent for the sale from that facility of merchandise owned by the principal.","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":"2e3512fd0605f47deb1ce35d6b512605fbcd3a77e42602db9a02521decc48956","source_id":"us-nm","stale":false,"prev":"us-nm/7-9-65","next":"us-nm/7-9-66.1"},"notice":"GroundRules: Original legal text. Not legal advice."}