New Mexico has enacted legislation that expands deductions for manufacturing consumables. Receipts from selling tangible personal property consumed in the manufacturing of a product to a person engaged in the business of manufacturing that product and who delivers a nontaxable transaction certificate to the seller may be deducted from gross receipts or governmental gross receipts. The property cannot be a tool or equipment used to create the manufactured product. The receipts may be deducted in the following percentages: 20% of receipts received prior to January 1, 2014; 40% of receipts received in calendar year 2014; 60% of receipts received in calendar year 2015; 80% of receipts received in calendar year 2016; 100% of receipts received on or after January 1, 2017. Deductions for manufacturing consumables must be reported separately, with the amount of each deduction attributed to the appropriate authorization provided in the legislation. (H.B. 184, Laws 2012, effective January 1, 2012)