Gold & Silver Sale Grt Deduction

Where it is in the process

Plain-English Summary

This bill creates a new tax deduction in New Mexico for the sale of gold and silver coins or bullion. If passed, businesses would not have to pay gross receipts tax on these sales until July 1, 2031. The deduction applies to bars, ingots, or medallions where the metal's value is based on its content.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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