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Locomotive Fuel Gross Receipts & Compensating Tax Exemption

Category: State Incentives, Tax Incentives


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 and compensating taxes. “Locomotive engine” is defined as a wheeled vehicle consisting of a self-propelled engine that is used to draw trains along railway tracks.
 


Contacts

New Mexico Economic Development Department
http://www.gonm.biz/businessresources/Incentives.aspx