Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 9 - Gross Receipts and Compensating Tax, 7-9-1 through 7-9-114. > Section 7-9-63 - Deduction; gross receipts tax; publication sales.

Section 7-9-63 - Deduction; gross receipts tax; publication sales.

7-9-63. Deduction; gross receipts tax; publication sales.

Receipts from publishing newspapers or magazines, except from selling advertising space, may be deducted from gross receipts.   

Receipts from selling magazines at retail may not be deducted from gross receipts.