N.M. Admin. Code § 3.2.227.9

Current through Register Vol. 36, No. 1, January 14, 2025

Section 3.2.227.9 - REFUNDABLE DEPOSITS

A. Receipts from selling soft drinks include amounts received in the form of refundable deposits on bottles, cartons and cases.

B. The amount of deposits refunded to purchasers of soft drinks may be deducted from gross receipts or governmental gross receipts under Section 7-9-67 NMSA 1978.

3/9/72, 11/20/72, 3/20/74, 7/26/76, 6/18/79, 4/7/82, 5/4/84, 4/2/86, 11/26/90, 10/28/94, 11/15/96; 3.2.227.9 NMAC - Rn, 3 NMAC 2.67.9 & A, 6/14/01