Section 7-9-110 - Exemption; gross receipts tax; locomotive engine fuel. (Contingent effective date. See note.) - New Mexico Statutes

7-9-110. Exemption; gross receipts tax; locomotive engine fuel.   (Contingent effective date. See note.)

Receipts from the sale of fuel to a common carrier to be loaded or used in a locomotive engine are exempted from the gross receipts tax.  For the purposes of this section, "locomotive engine" means a wheeled vehicle consisting of a self-propelled engine that is used to draw trains along railway tracks.