Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 9 - Gross Receipts and Compensating Tax, 7-9-1 through 7-9-114. > Section 7-9-87 - Deduction; gross receipts tax; lottery retailer receipts.

Section 7-9-87 - Deduction; gross receipts tax; lottery retailer receipts.

7-9-87. Deduction; gross receipts tax; lottery retailer receipts.

Receipts of a lottery game retailer from selling lottery tickets pursuant to the New Mexico Lottery Act [6-24-1 NMSA 1978] may be deducted from gross receipts.