{"data":{"id":"us-nm/7-9-71","jurisdiction":"us-nm","citation":"7-9-71","heading":"Deduction; gross receipts tax; trade-in allowance.","body":"That portion of the receipts of a seller that is represented by a trade-in of tangible personal property of the same type being sold, except for the receipts represented by a trade-in of a manufactured home, may be deducted from gross receipts.","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":"4c6a8579b38b0ceb7c0ff6a3972293413988b1d59357963f61d9f97cb963c40a","source_id":"us-nm","stale":false,"prev":"us-nm/7-9-70","next":"us-nm/7-9-72"},"notice":"GroundRules: Original legal text. Not legal advice."}