reglab/statecodes huggingface dataset:
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 217 - DEDUCTION - GROSS RECEIPTS TAX - WAREHOUSING, THRESHING, HARVESTING, GROWING, CULTIVATING AND PROCESSING AGRICULTURAL PRODUCTS › Section 3.2.217.11 - HAULING OF AGRICULTURAL PRODUCTS

Current through Register Vol. 35, No. 13, July 16, 2024
A. The receipts from hauling agricultural
				products from point to point in New Mexico or from loading or unloading
				agricultural products in New Mexico are subject to the gross receipts tax.
				These receipts are derived from performing services in New Mexico and are not
				derived from warehousing, threshing or cleaning agricultural products within
				the meaning of Section
				7-9-59
				NMSA 1978.
B. Receipts from hauling
				agricultural products from point to point, however, does not include receipts
				from hauling which is an integral part of the harvesting process nor does it
				include transportation of milk from the place of production to a place of
				processing. Such receipts are deductible under Section
				7-9-59
				NMSA 1978.
C.
Example
				1:
H is a commercial harvester of grain who owns combines and trucks.
				For consideration, H will contract with a farmer to harvest the farmer's grain.
				As part of the contract, H delivers the harvested grain from the farmer's land
				to an elevator owned by a third party. H's receipts from harvesting the
				farmer's grain is deductible under Section
				7-9-59
				NMSA 1978 but H's receipts from hauling the harvested grain to the elevator are
				not deductible.
D.
Example
				2:
X is engaged in the business of transporting for farmers alfalfa
				hay from the field where the alfalfa is raised to the farmer's own storage
				facility. The distance from the field to the farmer's storage facility may be
				three or four miles. X's hauling is part of the harvesting process and X's
				receipts are deductible under Section
				7-9-59
				NMSA 1978.
E.
Example
				3:
Y is engaged in the business of hauling potatoes from farms to the
				plant of a potato chip maker. Y picks up harvested potatoes from farmers'
				storage facilities and delivers them to the potato chip maker's receiving
				facility. Y's receipts from this activity are not deductible under Section
				7-9-59
				NMSA 1978.
F.
Example
				4:
V, a labor contractor, negotiates an agreement with a farmer for
				the harvesting of onions. After the agreement is made V hires people to harvest
				the onions. Harvesting begins with pulling the onions out of the ground by hand
				and clipping off the roots and tops. The onions are put into buckets which are
				dumped into burlap sacks when full. The process continues with arranging the
				burlap sacks into straight rows in the field. The sacks are then loaded by a
				conveyor onto a truck, emptied, and the sacks tossed back to the ground. The
				onions are then delivered to the processing shed by the truck. V's receipts
				from these activities are deductible under Section
				7-9-59
				NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 217 - DEDUCTION - GROSS RECEIPTS TAX - WAREHOUSING, THRESHING, HARVESTING, GROWING, CULTIVATING AND PROCESSING AGRICULTURAL PRODUCTS › Section 3.2.217.12 - SHEARING SHEEP

Current through Register Vol. 35, No. 13, July 16, 2024
Receipts from shearing sheep may be deducted from gross
				  receipts pursuant to Section
				  7-9-59
				  NMSA 1978 because they are receipts from harvesting agricultural
				  products.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 218 - IMPOSITION AND RATE OF GOVERNMENTAL GROSS RECEIPTS TAX › Section 3.2.218.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Taxation and Revenue Department, Joseph M. Montoya Building,
				  1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM
				  87504-0630
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 218 - IMPOSITION AND RATE OF GOVERNMENTAL GROSS RECEIPTS TAX › Section 3.2.218.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
Section
				  9-11-6.2
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 218 - IMPOSITION AND RATE OF GOVERNMENTAL GROSS RECEIPTS TAX › Section 3.2.218.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
11/15/96, unless a later date is cited at the end of a
				  section, in which case the later date is the effective date.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 218 - IMPOSITION AND RATE OF GOVERNMENTAL GROSS RECEIPTS TAX › Section 3.2.218.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
The objective of this part is to interpret, exemplify,
				  implement and enforce the provisions of the Gross Receipts and Compensating Tax
				  Act.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 218 - IMPOSITION AND RATE OF GOVERNMENTAL GROSS RECEIPTS TAX › Section 3.2.218.8 - SALE TO A 501(c)(3) ORGANIZATION

Current through Register Vol. 35, No. 13, July 16, 2024
Receipts from selling tangible personal property to
				  organizations which demonstrate to the department that they have been granted
				  an exemption from federal income tax as an organization described in Section
				  501(c)(3) of the United States Internal Revenue Code of 1954, Section 501(c)(3)
				  of the United States Internal Revenue Code of 1986 or Section 101(6) of the
				  United States Internal Revenue Code of 1939 may be deducted from the seller's
				  gross receipts if the buyer delivers a nontaxable transaction certificate
				  (nttc) to the seller and if the tangible personal property sold is employed by
				  the 501(c)(3) organization in its ordinary functions. Receipts from the sale of
				  tangible personal property to a 501(c)(3) or 101(6) organization which are
				  employed in the conduct of an unrelated trade or business as defined in Section
				  513 of the United States Internal Revenue Code of 1986, as amended or
				  renumbered, or Section 422(b) of the United States Internal Revenue Code of
				  1939, may not be deducted pursuant to Section
				  7-9-60
				  NMSA 1978. If the 501(c)(3) organization delivering the nttc employs the
				  property purchased in the conduct of an unrelated trade or business, the
				  compensating tax is due.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 218 - IMPOSITION AND RATE OF GOVERNMENTAL GROSS RECEIPTS TAX › Section 3.2.218.9 - SERVICES, LEASES, CONSTRUCTION SERVICES

Current through Register Vol. 35, No. 13, July 16, 2024
A. Receipts from services performed for and
				from leases entered into with 501(c)(3) organizations are not deductible
				pursuant to Section
				7-9-60
				NMSA 1978.
B. Except as provided in
				Subsection C, receipts from selling construction, including construction
				material to a 501(c)(3) organization, are receipts derived from performing a
				service and are not eligible for the deduction pursuant to Section
				7-9-60
				NMSA 1978.
C. Receipts from selling
				construction material that is tangible personal property, whether removable on
				non-removable, that is or would be classified for depreciation purposes as
				three-year property, five-year property, seven-year property or 10-year
				property, including indirect costs related to the asset basis, by Section 168
				of the Internal Revenue Code of 1986, as that section may be amended or
				renumbered, may be deducted from gross receipts when the sale is made to a
				501(c)(3) organization.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 218 - IMPOSITION AND RATE OF GOVERNMENTAL GROSS RECEIPTS TAX › Section 3.2.218.10 - CUSTOM SOFTWARE

Current through Register Vol. 35, No. 13, July 16, 2024
Because it is a service, receipts from developing or selling
				  custom software for 501(c)(3) organizations are not deductible under Section
				  7-9-60
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 218 - IMPOSITION AND RATE OF GOVERNMENTAL GROSS RECEIPTS TAX › Section 3.2.218.11 - SALE OF MEALS

Current through Register Vol. 35, No. 13, July 16, 2024
Meals are tangible personal property. Therefore receipts from
				  selling meals to a 501(c)(3) organization are receipts from selling tangible
				  personal property. Such receipts may be deducted from gross receipts under
				  Section 7 9 60 NMSA 1978 if the organization delivers a properly executed Type
				  9 non-taxable transaction certificate or alternative evidence to the seller.
				  Sales of meals directly to members of a 501(c)(3) organization may not be
				  deducted under Section 7 9 60 NMSA 1978 even if the meals are served at a
				  function of the organization. The 501(c)(3) organization is an entity distinct
				  from its members.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 218 - IMPOSITION AND RATE OF GOVERNMENTAL GROSS RECEIPTS TAX › Section 3.2.218.12 - LODGING

Current through Register Vol. 35, No. 13, July 16, 2024
Receipts derived from the rental of lodging in hotels,
				  motels, boarding houses or similar facilities to a Section 501(c)(3)
				  organization may not be deducted from gross receipts pursuant to Section
				  7-9-60
				  NMSA 1978 because the rental of such lodging is not the sale of tangible
				  personal property.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 218 - IMPOSITION AND RATE OF GOVERNMENTAL GROSS RECEIPTS TAX › Section 3.2.218.13 - SALE OF GASES

Current through Register Vol. 35, No. 13, July 16, 2024
Gases, such as natural gas, nitrogen, carbon dioxide, helium,
				  oxygen, propane, acetylene and nitrous oxide, are tangible personal property.
				  Therefore receipts from selling gases to a 501(c)(3) organization may be
				  deducted from gross receipts under Section 7 9 60 NMSA 1978 if the organization
				  delivers a properly executed non-taxable transaction certificate or alternative
				  evidence to the seller.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 218 - IMPOSITION AND RATE OF GOVERNMENTAL GROSS RECEIPTS TAX › Section 3.2.218.14 - SINGLE MEMBER LIMITED LIABILITY COMPANY WHOSE SOLE MEMBER IS A 501(c)(3) ORGANIZATION

Current through Register Vol. 35, No. 13, July 16, 2024
A. A
				single member limited liability company (llc) whose sole member is a 501(c)(3)
				organization will be treated like a 501(c)(3) organization and receive the same
				treatment for purposes of Section
				7-9-60
				NMSA 1978 so long as the llc is recognized by the internal revenue service as a
				disregarded entity for federal income tax purposes.
B. Receipts from the sale of tangible
				personal property to an llc described in Subsection A above when the property
				is employed in the conduct of an unrelated trade or business as defined in
				Section 513 of the Internal Revenue Code of 1986, as amended or renumbered, are
				not deductible pursuant to Subsection A of Section
				7-9-60
				NMSA 1978. If the llc, or its 501(c)(3) single member, delivering the
				non-taxable transaction certificate or alternative evidence employs the
				tangible personal property in the conduct of an unrelated trade or business,
				the llc, or its 501(c)(3) single member, is liable for the seller's gross
				receipts tax plus penalty and interest pursuant to Section
				7-9-43
				NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 219 - DEDUCTION - GROSS RECEIPTS TAX - CERTAIN LOAN CHARGES › Section 3.2.219.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Taxation and Revenue Department, Joseph M. Montoya Building,
				  1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM
				  87504-0630
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 219 - DEDUCTION - GROSS RECEIPTS TAX - CERTAIN LOAN CHARGES › Section 3.2.219.2 - SCOPE

Current through Register Vol. 35, No. 13, July 16, 2024
This part applies to each person engaging in business in New
				  Mexico.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 219 - DEDUCTION - GROSS RECEIPTS TAX - CERTAIN LOAN CHARGES › Section 3.2.219.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
Section
				  9-11-6.2
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 219 - DEDUCTION - GROSS RECEIPTS TAX - CERTAIN LOAN CHARGES › Section 3.2.219.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
11/15/96, unless a later date is cited at the end of a
				  section, in which case the later date is the effective date.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 219 - DEDUCTION - GROSS RECEIPTS TAX - CERTAIN LOAN CHARGES › Section 3.2.219.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
The objective of this part is to interpret, exemplify,
				  implement and enforce the provisions of the Gross Receipts and Compensating Tax
				  Act.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 219 - DEDUCTION - GROSS RECEIPTS TAX - CERTAIN LOAN CHARGES › Section 3.2.219.8 - ESCROW FEES - INSTALLMENT CONTRACTS

Current through Register Vol. 35, No. 13, July 16, 2024
The receipts of an escrow agent from charges made for
				  handling installment purchase agreements (such as real estate contracts) are
				  not receipts from handling loan payments and are not deductible from gross
				  receipts under the provisions of Section
				  7-9-61.1
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 219 - DEDUCTION - GROSS RECEIPTS TAX - CERTAIN LOAN CHARGES › Section 3.2.219.9 - CERTAIN CHARGES ARE DEDUCTIBLE

Current through Register Vol. 35, No. 13, July 16, 2024
A. A charge by a bank or other financial
				institution with respect to an honored commitment (using funds other than the
				depositor's to cover an overdraft) are charges made in connection with the
				origination, making or assumption of a loan and are deductible under Section
				7-9-61.1
				NMSA 1978.
B. An overdraft
				protection fee charged by a bank or other financial institution is equivalent
				to a fee for maintaining a line of credit. The overdraft protection fee is a
				charge made in connection with the origination, making or assumption of a loan
				and is deductible under Section
				7-9-61.1
				NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 219 - DEDUCTION - GROSS RECEIPTS TAX - CERTAIN LOAN CHARGES › Section 3.2.219.10 - CERTAIN CHARGES ARE NOT DEDUCTIBLE

Current through Register Vol. 35, No. 13, July 16, 2024
A. Fees charged by a bank or other financial
				institution from transfering funds from one account of a depositor to another
				of that same depositor are not charges made in connection with the origination,
				making or assumption of a loan, even if the transfer is made to cover an
				overdraft in one of the accounts. Such charges are not deductible under Section
				7-9-61.1
				NMSA 1978.
B. If a bank or other
				financial institution does not honor a check or other instrument when presented
				because insufficient funds are in the account or accounts, any fees charged
				relating to the dishonoring are not deductible under Section
				7-9-61.1
				NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Taxation and Revenue Department, Joseph M. Montoya Building,
				  1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM
				  87504-0630
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.2 - SCOPE

Current through Register Vol. 35, No. 13, July 16, 2024
This part applies to each person engaging in business in New
				  Mexico.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
Section
				  9-11-6.2
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.4 - DURATION

Current through Register Vol. 35, No. 13, July 16, 2024
Permanent.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
11/15/96, unless a later date is cited at the end of a
				  section, in which case the later date is the effective date.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
The objective of this part is to interpret, exemplify,
				  implement and enforce the provisions of the Gross Receipts and Compensating Tax
				  Act.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.7 - DEFINITIONS

Current through Register Vol. 35, No. 13, July 16, 2024
[Reserved.]
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.8 - TRADE-IN ALLOWANCES

Current through Register Vol. 35, No. 13, July 16, 2024
A.
				The deduction provided by Section
				7-9-62
				NMSA 1978 applies to the net receipts from the sale after any trade-in
				allowance for the same type of equipment has been applied.
B. Example: A is engaged in the business of
				selling heavy equipment. A sells B a D-11 tractor for $50,000. A allows B
				$5,000 on a used tractor which B trades in. A must compute the tax liability as
				follows:
$50,000
5,000
(trade-in under Section
							 7-9-71
							 NMSA 1978)
$45,000
$22,500
(50% deduction)
x .05
(rate of tax)
$ 1,125
tax due
Therefore A owes a tax of $1,125.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.9 - PROPORTIONING PUMPS

Current through Register Vol. 35, No. 13, July 16, 2024
Proportioning pumps used to distribute metered amounts of
				  fertilizer, herbicides, pesticides, fumigants and the like to crop land by
				  mixing those substances with irrigation water are agricultural implements as
				  that term is used in Section
				  7-9-62
				  NMSA 1978. Accordingly, fifty percent of the receipts from selling these pumps
				  may be deducted from gross receipts.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.11 - FEED STORAGE

Current through Register Vol. 35, No. 13, July 16, 2024
Metal bins and similar devices designed to store feed on a
				  farm or ranch, which, in addition to storing, measure and control the flow of
				  livestock, are agricultural implements. Therefore, 50% of the receipts derived
				  from selling those articles may be deducted from gross receipts pursuant to
				  Section
				  7-9-62
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.12 - FUEL FOR IRRIGATION PUMPS

Current through Register Vol. 35, No. 13, July 16, 2024
Receipts derived from the sale of butane, propane, natural
				  gas, electricity, or other fuel which is used in the operation of irrigation
				  pumps are not receipts from the sale of agricultural implements and, therefore,
				  are not subject to the 50% deduction from gross receipts provided by Section
				  7-9-62
				  NMAC 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.14 - MOTORIZED GOLF CARTS

Current through Register Vol. 35, No. 13, July 16, 2024
Fifty percent of the receipts from selling motorized golf
				  carts may be deducted from gross receipts because motorized golf carts are
				  vehicles that are not required to be registered under the Motor Vehicle Code,
				  Chapter 66.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.15 - BALING WIRE

Current through Register Vol. 35, No. 13, July 16, 2024
Baling wire is not an agricultural implement within the
				  meaning of Section
				  7-9-62
				  NMSA 1978, and therefore, the seller of baling wire to a farmer may not take
				  the fifty percent deduction allowed under Section
				  7-9-62
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.16 - MINING EQUIPMENT

Current through Register Vol. 35, No. 13, July 16, 2024
Mining equipment must be a "vehicle" as that term is defined
				  in the Motor Vehicle Code in order to qualify for the deduction provided in
				  Section
				  7-9-62
				  NMSA 1978 and Section
				  7-9-77
				  NMSA 1978. A "motor vehicle" as defined in the Motor Vehicle Code is a vehicle
				  which is self-propelled. Mining equipment that receives its power from a
				  trailing cable which conveys electricity to it from an outside source is not
				  self-propelled.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 220 - DEDUCTION - GROSS RECEIPTS TAX - AGRICULTURAL IMPLEMENTS - AIRCRAFT VEHICLES THAT ARE NOT REQUIRED TO BE REGISTERED › Section 3.2.220.17 - WRITTEN STATEMENT OF FARMING OR RANCHING

Current through Register Vol. 35, No. 13, July 16, 2024
A. The written statement required by Section
				7-9-62
				NMSA 1978 for receipts from the sale of agricultural implements on or after
				July 1, 1998 shall be in the form set out in Subsection B of Section 3.2.216.8
				NMAC and must be signed personally by the purchaser or the purchaser's agent.
				The written statement must be accepted in good faith by the seller in order for
				the seller to take the deduction authorized by Section
				7-9-62
				NMSA 1978 with respect to transactions occurring on or after July 1, 1998. The
				good faith acceptance requirement applies to each transaction intended to be
				covered by the written statement.
B. Receipts from the sale of agricultural
				implements on or after July 1, 1998 may not be deducted under Section
				7-9-62
				NMSA 1978 unless the sale is made to a person who makes a written statement in
				compliance with Section
				7-9-62
				NMSA 1978.
C. For the purposes of
				Section
				7-9-62
				NMSA 1978, it is sufficient if the seller receives one written statement from
				each purchaser, provided the seller maintains that statement on file.
D. When a seller accepts in good faith a
				person's written statement that the person is regularly engaged in the business
				of farming or ranching, the written statement shall be conclusive evidence that
				the receipts from the transaction with the person having made the statement are
				deductible from the seller's gross receipts under Section
				7-9-62
				NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 221 - DEDUCTION - GROSS RECEIPTS TAX - PUBLICATION SALES › Section 3.2.221.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Taxation and Revenue Department, Joseph M. Montoya Building,
				  1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM
				  87504-0630
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 221 - DEDUCTION - GROSS RECEIPTS TAX - PUBLICATION SALES › Section 3.2.221.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
Section
				  9-11-6.2
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 221 - DEDUCTION - GROSS RECEIPTS TAX - PUBLICATION SALES › Section 3.2.221.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
11/15/96, unless a later date is cited at the end of a
				  section, in which case the later date is the effective date.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 221 - DEDUCTION - GROSS RECEIPTS TAX - PUBLICATION SALES › Section 3.2.221.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
The objective of this part is to interpret, exemplify,
				  implement and enforce the provisions of the Gross Receipts and Compensating Tax
				  Act.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 221 - DEDUCTION - GROSS RECEIPTS TAX - PUBLICATION SALES › Section 3.2.221.8 - COLUMNISTS, CARTOONISTS AND WIRE SERVICES

Current through Register Vol. 35, No. 13, July 16, 2024
A. The receipts of columnists, cartoonists
				and wire services from performing services in New Mexico are gross receipts and
				are not receipts from publishing as that term is used in Section
				7-9-63
				NMSA 1978.
B. The gross receipts of
				columnists, cartoonists and wire services from performing services in New
				Mexico are not deductible under the provisions of Section
				7-9-63
				NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 221 - DEDUCTION - GROSS RECEIPTS TAX - PUBLICATION SALES › Section 3.2.221.9 - GENERAL EXAMPLES

Current through Register Vol. 35, No. 13, July 16, 2024
A. A
				person engaged in the business of publishing magazines or newspapers in New
				Mexico can deduct the receipts from selling the published product to others for
				subsequent resale under Section
				7-9-63
				NMSA 1978. The publisher is not required to obtain a nontaxable transaction
				certificate from the purchaser for purposes of Section
				7-9-63
				NMSA 1978. The receipts of the publisher from the sale of advertising space and
				the receipts from selling magazines at retail are not deductible from the
				publisher's gross receipts.
B.
Example 1:
M is in the business of publishing a magazine. It
				compiles the stories and pictures. It then takes this material to E who prints
				the magazines and sells them to M for resale. E is classified as a
				manufacturer. As such, E may give nontaxable transaction certificates (nttcs)
				to vendors of paper and ink. E can then accept nttcs from the publisher for the
				sale of the magazine for resale. M is the publisher of the magazine and is
				liable for gross receipts tax. If M sells the magazine to news shops or other
				outlets for resale, M includes in gross receipts only those amounts that M
				receives from the sale of advertising space. If M also sells the magazine at
				retail to consumers, however, M would be liable for the gross receipts tax on
				the receipts derived from the sale of the magazine other than for resale as
				well as on receipts from the sale of advertising space.
C.
Example 2:
X, a
				newspaper, sells space in its newspaper for obituaries. It claims a deduction
				for these sales under Section
				7-9-63
				NMSA 1978. These receipts are not deductible because they are receipts from
				selling advertising space. However, if the space is sold to a person, such as a
				funeral home, who resells the space and gives X an nttc, X's receipts from the
				sale to such a person are deductible. This version of Subsection C of Section
				3.2.221.9 NMAC applies to transactions occurring on or after July 1,
				2000.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 222 - DEDUCTION - GROSS RECEIPTS TAX - NEWSPAPERS SALES › Section 3.2.222.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Taxation and Revenue Department, Joseph M. Montoya Building,
				  1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM
				  87504-0630
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 222 - DEDUCTION - GROSS RECEIPTS TAX - NEWSPAPERS SALES › Section 3.2.222.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
Section
				  9-11-6.2
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 222 - DEDUCTION - GROSS RECEIPTS TAX - NEWSPAPERS SALES › Section 3.2.222.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
10/15/96, unless a later date is cited at the end of a
				  section, in which case the later date is the effective date.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 222 - DEDUCTION - GROSS RECEIPTS TAX - NEWSPAPERS SALES › Section 3.2.222.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
The objective of this part is to interpret, exemplify,
				  implement and enforce the provisions of the Gross Receipts and Compensating Tax
				  Act.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 222 - DEDUCTION - GROSS RECEIPTS TAX - NEWSPAPERS SALES › Section 3.2.222.8 - "NEWSPAPER" DEFINED

Current through Register Vol. 35, No. 13, July 16, 2024
A. As
				used in Sections
				7-9-63
				and
				7-9-64
				NMSA 1978, the term "newspaper" is limited to those publications which are
				commonly understood to be newspapers and which are printed and distributed
				periodically at daily, weekly or other short intervals for the dissemination of
				news. The term does not include handbills, circulars, flyers or the like,
				unless printed and distributed as a part of a publication which otherwise
				constitutes a newspaper within the meaning of this subsection. Advertising is
				not considered to be news. Newspapers are not bound or stapled; magazines
				are.
B. Example: N is a newspaper
				publishing company. N also prints advertising circulars for various businesses.
				These circulars are delivered to the businesses which ordered them. The
				business then arranges for dissemination of the circulars in ways other than as
				inserts to N's newspaper. N's receipts from printing these circulars are not
				deductible under Section
				7-9-64
				NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 222 - DEDUCTION - GROSS RECEIPTS TAX - NEWSPAPERS SALES › Section 3.2.222.9 - CREDIT BUREAU PUBLICATION

Current through Register Vol. 35, No. 13, July 16, 2024
A. Receipts from selling the publication of a
				credit bureau which provides information to subscribers concerning such matters
				as the filing of suits, mortgages and deeds and other information of interest
				to merchants and others who extend credit, whether sold as part of a credit
				service agreement or sold separately to subscribers not using a credit service,
				are subject to the gross receipts tax.
B. Such a publication is not a newspaper
				within the meaning of either Section
				7-9-63
				NMSA 1978 or
				7-9-64
				NMSA 1978. The receipts from selling such a publication are not entitled to the
				deduction from gross receipts provided by Section
				7-9-64
				NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 222 - DEDUCTION - GROSS RECEIPTS TAX - NEWSPAPERS SALES › Section 3.2.222.10 - RACING FORMS

Current through Register Vol. 35, No. 13, July 16, 2024
Racing forms are not "newspapers" within the meaning of
				  either Section
				  7-9-63
				  NMSA 1978 or
				  7-9-64
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 222 - DEDUCTION - GROSS RECEIPTS TAX - NEWSPAPERS SALES › Section 3.2.222.11 - REPORT OF RECREATIONAL CONDITIONS

Current through Register Vol. 35, No. 13, July 16, 2024
A daily publication reporting solely recreational conditions,
				  such as the hunting or fishing conditions of a particular recreational area, is
				  not a "newspaper" within the meaning of either Section
				  7-9-63
				  NMSA 1978 or
				  7-9-64
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 222 - DEDUCTION - GROSS RECEIPTS TAX - NEWSPAPERS SALES › Section 3.2.222.12 - SALE OF NEWSPAPER BY PRINTER

Current through Register Vol. 35, No. 13, July 16, 2024
The receipts of a printer who manufactures newspapers for a
				  publisher may take the deduction provided in Section
				  7-9-64
				  NMSA 1978 without regard to whether the newspapers are resold or distributed
				  free of charge by the publisher. No nontaxable transaction certificate needs be
				  delivered to the printer but the printer must retain sufficient documentation
				  to show that the product manufactured was a newspaper.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 223 - DEDUCTION - GROSS RECEIPTS TAX - CHEMICALS AND REAGENTS › Section 3.2.223.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Taxation and Revenue Department, Joseph M. Montoya Building,
				  1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM
				  87504-0630
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 223 - DEDUCTION - GROSS RECEIPTS TAX - CHEMICALS AND REAGENTS › Section 3.2.223.2 - SCOPE

Current through Register Vol. 35, No. 13, July 16, 2024
This part applies to each person engaging in business in New
				  Mexico.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 223 - DEDUCTION - GROSS RECEIPTS TAX - CHEMICALS AND REAGENTS › Section 3.2.223.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
Section
				  9-11-6.2
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 223 - DEDUCTION - GROSS RECEIPTS TAX - CHEMICALS AND REAGENTS › Section 3.2.223.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
11/15/96, unless a later date is cited at the end of a
				  section, in which case the later date is the effective date.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 223 - DEDUCTION - GROSS RECEIPTS TAX - CHEMICALS AND REAGENTS › Section 3.2.223.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
The objective of this part is to interpret, exemplify,
				  implement and enforce the provisions of the Gross Receipts and Compensating Tax
				  Act.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 223 - DEDUCTION - GROSS RECEIPTS TAX - CHEMICALS AND REAGENTS › Section 3.2.223.7 - DEFINITIONS

Current through Register Vol. 35, No. 13, July 16, 2024
A.
"Lots"
				defined:
(1) As used in Section
				7-9-65
				NMSA 1978 the term "lots" means a parcel or single article which is the subject
				matter of a separate sale or delivery, whether or not it is sufficient to
				perform the contract.
(2) Example:
				H sells P fifteen tons of hydrochloric acid on March 1, 1978. On April 15,
				1978, H sells P another ten tons of chemicals. P does not use the chemicals for
				exempt purposes. H wants to deduct the gross receipts from these sales since
				the total amount of chemicals sold exceeded eighteen tons. In this case one lot
				amounted to fifteen tons, the other to ten tons. The sales may not be added for
				the purpose of this deduction. The deduction will be disallowed.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 223 - DEDUCTION - GROSS RECEIPTS TAX - CHEMICALS AND REAGENTS › Section 3.2.223.8 - WELL-DRILLING MUD

Current through Register Vol. 35, No. 13, July 16, 2024
Mud used in the drilling of wells is not a chemical or
				  reagent.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 223 - DEDUCTION - GROSS RECEIPTS TAX - CHEMICALS AND REAGENTS › Section 3.2.223.9 - NATURAL GAS WELLS: SALT WATER DISPOSAL WELLS AND INJECTION WELLS

Current through Register Vol. 35, No. 13, July 16, 2024
A. For purposes of
				Section
				7-9-65
				NMSA 1978, natural gas wells are oil wells, since they produce condensate or
				oil as a by-product. Receipts from the sale of chemicals or reagents for use in
				acidizing such wells may be deducted from the seller's gross
				receipts.
B. For purposes of
				deductions under Section
				7-9-65
				NMSA 1978, salt water disposal wells and injection wells are not oil wells.
				Receipts from the sale of chemicals or reagents, in lots of less than eighteen
				tons, for use in acidizing such wells may not be deducted from the seller's
				gross receipts.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 223 - DEDUCTION - GROSS RECEIPTS TAX - CHEMICALS AND REAGENTS › Section 3.2.223.10 - TREATMENT FOR INHIBITING CORROSION

Current through Register Vol. 35, No. 13, July 16, 2024
Receipts from selling chemicals or reagents used in treating
				  oil wells for purposes of inhibiting or removing scale or corrosion, removing
				  paraffin deposits and breaking down the oil-water-sludge demolition into
				  separate components are not receipts from selling chemicals or reagents for use
				  in acidizing the wells pursuant to Section
				  7-9-65
				  NMSA 1978. However, receipts from selling these chemicals or reagents in lots
				  in excess of eighteen tons may be deducted from gross receipts pursuant to
				  Section
				  7-9-65
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 223 - DEDUCTION - GROSS RECEIPTS TAX - CHEMICALS AND REAGENTS › Section 3.2.223.11 - GENERAL EXAMPLE

Current through Register Vol. 35, No. 13, July 16, 2024
Y Company sells salt to the X Mining Company which uses the
				  salt as a reagent in processing ores in a well, smelter or refinery. Y may
				  deduct the receipts from this sale, whether or not the salt was sold to X in
				  lots in excess of eighteen tons.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 225 - DEDUCTION - GROSS RECEIPTS TAX - COMMISSIONS › Section 3.2.225.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Taxation and Revenue Department, Joseph M. Montoya Building,
				  1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM
				  87504-0630
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 225 - DEDUCTION - GROSS RECEIPTS TAX - COMMISSIONS › Section 3.2.225.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
Section
				  9-11-6.2
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 225 - DEDUCTION - GROSS RECEIPTS TAX - COMMISSIONS › Section 3.2.225.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
11/15/96, unless a later date is cited at the end of a
				  section, in which case the later date is the effective date.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 225 - DEDUCTION - GROSS RECEIPTS TAX - COMMISSIONS › Section 3.2.225.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
The objective of this part is to interpret, exemplify,
				  implement and enforce the provisions of the Gross Receipts and Compensating Tax
				  Act.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 225 - DEDUCTION - GROSS RECEIPTS TAX - COMMISSIONS › Section 3.2.225.8 - COMMISSIONS ON SALES OF REAL PROPERTY, INTANGIBLE PROPERTY OR PRIVILEGES

Current through Register Vol. 35, No. 13, July 16, 2024
A. Receipts derived
				from commissions on sales of real property or intangible property such as
				negotiable instruments and stocks and bonds or privileges, such as licenses and
				tickets, are not deductible under Section
				7-9-66
				NMSA 1978.
B. Where a real estate
				brokerage commission is apportioned by prior agreement (written or oral) among
				the brokers who listed the property, the broker who sold the property and the
				sales personnel of each, gross receipts from the commission are to be allocated
				as provided in the agreement and are to be taxed in accordance with this
				allocation, provided that the real estate brokers are to withhold and pay over
				the gross receipts tax applicable to that portion of the commission allocated
				to sales personnel of that broker.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 225 - DEDUCTION - GROSS RECEIPTS TAX - COMMISSIONS › Section 3.2.225.9 - COMMISSIONS PAID TO NONEMPLOYEE AGENTS

Current through Register Vol. 35, No. 13, July 16, 2024
A. Receipts from commissions for services
				rendered in New Mexico paid to nonemployee agents of freight companies, bus
				transportation firms and the like are subject to the gross receipts
				tax.
B. The indicia outlined in
				Section 3.2.105.7 NMAC will be considered in determining whether a person is an
				employee or nonemployee agent.
C.
				The gross receipts of nonemployee agents include only the total commissions or
				fees received.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 225 - DEDUCTION - GROSS RECEIPTS TAX - COMMISSIONS › Section 3.2.225.10 - STOCKBROKERS

Current through Register Vol. 35, No. 13, July 16, 2024
A. The receipts of
				New Mexico stockbrokers or mutual fund salespeople, who are independent
				contractors, from commissions from the sale of stocks, bonds, or mutual fund
				shares are subject to the gross receipts tax.
B. Receipts of out-of-state correspondents of
				New Mexico stockbrokers or out-of-state mutual fund sales companies from
				performance of service outside New Mexico are not subject to the gross receipts
				tax.
C. Receipts of New Mexico
				stockbrokers or mutual fund salespeople, who are independent contractors from
				commissions on the sale of stocks, bonds or mutual fund shares do not include
				amounts which are paid over to their out-of-state correspondents or their
				out-of-state mutual fund sales companies for the correspondent's or companies'
				service performed outside New Mexico.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 225 - DEDUCTION - GROSS RECEIPTS TAX - COMMISSIONS › Section 3.2.225.11 - AUCTIONEERS

Current through Register Vol. 35, No. 13, July 16, 2024
The receipts of an auctioneer selling property, on a
				  commission or a fee basis, are subject to the gross receipts tax to the extent
				  that the deduction provided by Section
				  7-9-66
				  NMSA 1978 does not apply. The receipts of a person selling property through an
				  auctioneer who sells property on a commission or fee basis are subject to the
				  gross receipts tax. However, the person's receipts from such a sale are
				  exempted from the gross receipts tax if the sale is isolated or occasional and
				  the other is neither regularly engaged nor holding out as engaged in the
				  business of selling or leasing the same or similar property.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 225 - DEDUCTION - GROSS RECEIPTS TAX - COMMISSIONS › Section 3.2.225.12 - SALES "NOT SUBJECT" TO GROSS RECEIPTS TAX

Current through Register Vol. 35, No. 13, July 16, 2024
Receipts derived from commissions on sales of tangible
				  personal property, the receipts from which sales are either exempted from the
				  gross receipts tax or deductible from gross receipts, may be deducted from
				  gross receipts.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 226 - DEDUCTION - GROSS RECEIPTS TAX - CERTAIN REAL ESTATE TRANSACTIONS › Section 3.2.226.1 - ISSUING AGENCY

Current through Register Vol. 35, No. 13, July 16, 2024
Taxation and Revenue Department, Joseph M. Montoya Building,
				  1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM
				  87504-0630
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 226 - DEDUCTION - GROSS RECEIPTS TAX - CERTAIN REAL ESTATE TRANSACTIONS › Section 3.2.226.2 - SCOPE

Current through Register Vol. 35, No. 13, July 16, 2024
This part applies to each person engaging in business in New
				  Mexico.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 226 - DEDUCTION - GROSS RECEIPTS TAX - CERTAIN REAL ESTATE TRANSACTIONS › Section 3.2.226.3 - STATUTORY AUTHORITY

Current through Register Vol. 35, No. 13, July 16, 2024
Section
				  9-11-6.2
				  NMSA 1978.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 226 - DEDUCTION - GROSS RECEIPTS TAX - CERTAIN REAL ESTATE TRANSACTIONS › Section 3.2.226.5 - EFFECTIVE DATE

Current through Register Vol. 35, No. 13, July 16, 2024
11/15/96, unless a later date is cited at the end of a
				  section, in which case the later date is the effective date.
New Mexico Administrative Code › Title 3 - TAXATION › Chapter 2 - GROSS RECEIPTS TAXES › Part 226 - DEDUCTION - GROSS RECEIPTS TAX - CERTAIN REAL ESTATE TRANSACTIONS › Section 3.2.226.6 - OBJECTIVE

Current through Register Vol. 35, No. 13, July 16, 2024
The objective of this part is to interpret, exemplify,
				  implement and enforce the provisions of the Gross Receipts and Compensating Tax
				  Act.