If the gross receipts of an agency, institution, instrumentality or political subdivision of NM are not subject to governmental gross receipts tax, are they subject to regular gross receipts tax?

Generally, they are not. Such gross receipts are exempt from regular gross receipts tax under Section 7-9-13 NMSA 1978 except for: – receipts from the sale of gas or electricity by a utility owned or operated by a county, municipality, or other political subdivision of a state, or – receipts from the operation of a cable television system owned or operated by a municipality.