The product value of tobacco products sold and shipped or given and shipped to a person in another state may be deducted from the product value subject to the tax imposed by the Tobacco Products Tax Act; provided that the department may require the person to submit proof satisfactory to the department that the tobacco products have been sold and shipped or given and shipped to a person in another state.
§ 7-12A-5 NMSA 1978
Deduction; interstate sales
Known as the Tobacco Products Tax Act
The act spans §§ 7–7 (10 sections).
1978 Comp., § 7-12A-5, enacted by Laws 1986, ch. 112, § 6.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.