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Sunday, May 26, 2024 | Back issues
Courthouse News Service Courthouse News Service

N.M. Supreme Court

TAX, CONTRACT - A prison claimed that agreements with various governmental agencies to incarcerate prisoners constitute leases of real property, and receipts from those agreements are deductible under New Mexico's Gross Receipts and Compensating Tax Act. J. Bustamante held that the contracts are not leases for real property as contemplated by the Act. Affirmed. See ruling.

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