Pawn Transactions Exempt From New Mexico Gross Receipt Taxes

New Mexico Administrative Code
Title 3. TAXATION
Chapter 2. GROSS RECEIPTS TAXES
Part 113. EXEMPTION - GROSS RECEIPTS TAX - DIVIDENDS AND INTEREST

§ 3.2.113.9. PAWNBROKERS

Receipts of a person from engaging in pawn transactions, as that term is defined in Section 56-12-2 NMSA 1978, which are received as interest upon money loaned are exempt from the gross receipts tax pursuant to Section 7-9-25 NMSA 1978.