Exempted from any local liquor excise tax are purchases for sale to retailers for resale.
§ 7-24-13 NMSA 1978
Exemption; purchases for resale
Known as the Local Liquor Excise Tax Act
The act spans §§ 7–7 (17 sections).
Laws 1989, ch. 326, § 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.