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New Mexico Administrative Code

Chapter 2

Gross Receipts Taxes

State of New Mexico

1General Provisions 2Date Payment Due 4Imposition and Rate of Tax - Denomination as “Gross Receipts Tax”5Presumption of Taxability 6Separately Stating the Gross Receipts Tax 10Imposition and Rate of Tax - Denomination as “Compensating Tax”11Presumption of Taxability and Value 12Liability of User for Payment of Compensating Tax 13Agents for Collection of Compensating Tax - DutiesRepealed 20Governmental Gross Receipts 21Imposition and Rate of Governmental Gross Receipts Tax 100Exemptions 101Exemptions - Gross Receipts Tax - Governmental Agencies 102Exemption - Compensating Tax - Governmental Agencies - Indians 103Exemption - Compensating Tax - Certain Organizations 104Exemption - Gross Receipts Tax - Certain Nonprofit FacilitiesRepealed 105Exemption - Gross Receipts Tax - Wages 106Exemption - Gross Receipts Tax - Agricultural Products 107Exemption - Gross Receipts Tax - Livestock Feeding 108Exemption - Gross Receipts Tax - Certain Receipts of Homeowners 109Exemption - Gross Receipts Tax - Vehicles 110Exemption - Gross Receipts Tax - Boats 111Exemption - Compensating Tax - Vehicles 112Exemption - Gross Receipts Tax - Insurance Companies 113Exemption - Gross Receipts Tax - Dividends and Interest 114Exemption - Gross Receipts and Compensating Tax - Fuel 115Exemption - Compensating Tax - Personal Effects 116Exemption - Gross Receipts Tax - Occasional Sale of Property or Services 117Exemption - Gross Receipts Tax - Certain Organizations 118Exemption - Compensating Tax - Railroad Equipment and Aircraft 119Exemption - Gross Receipts Tax and Compensating Tax - Resale 121Exemption - Gross Receipts Tax - Products Subject to Oil and Gas 123Exemption - Gross Receipts Tax - Natural Resources Subject to 124Exemption - Gross Receipts Tax - Oil and Gas Consumed in the 126Exemption - Compensating Tax - Use of Electricity in the 127Exemption - Gross Receipts Tax - Fees from Social Organizations 128Exemption - Gross Receipts Tax - Purses and Jockey Remuneration 129Exemption - Gross Receipts Tax - Religious Activities 200Local Option Taxes 201Nontaxable Transaction Certificates, Farmers' and Ranchers' Statements and Other Evidence Required to Entitle Persons to Deductions 202Suspension of the Right to Use a Nontaxable Transaction CertificateRepealed 203Deductions 204Deduction - Gross Receipts Tax - Sales to Manufacturers 205Deduction - Gross Receipts Tax - Sale of Tangible Personal Property for Resale 206Deduction - Gross Receipts Tax - Sale of a Service for Resale 207Deduction - Gross Receipts Tax - Sale of Tangible Personal 208Deduction - Gross Receipts Tax - Lease for Subsequent Lease 209Deduction - Gross Receipts Tax - Sale of Construction Materials 210Deduction - Gross Receipts Tax - Construction Purposes 211Deduction - Gross Receipts Tax - Sale or Lease of Real Property and Lease of Manufactured Homes 212Deduction - Gross Receipts Tax - Sales to Governmental Agencies 213Deduction - Gross Receipts Tax - Transaction in Interstate Commerce 214Deduction - Gross Receipts Tax - Intrastate Transportation and Services in Interstate Commerce 215Deduction - Gross Receipts Tax - Sale of Certain Services to an Out-216Deduction - Gross Receipts Tax - Feed - Fertilizers 217Deduction - Gross Receipts Tax - Warehousing, Threshing, Harvesting, Growing, Cultivating and Processing 218Deduction - Gross Receipts Tax - Sales to Certain Organizations 219Deduction - Gross Receipts Tax - Certain Loan Charges 220Deduction - Gross Receipts Tax - Agricultural Implements -221Deduction - Gross Receipts Tax - Publication Sales 222Deduction - Gross Receipts Tax - Newspapers Sales 223Deduction - Gross Receipts Tax - Chemicals and Reagents 225Deduction - Gross Receipts Tax - Commissions 226Deduction - Gross Receipts Tax - Certain Real Estate Transactions 227Deduction - Gross Receipts Tax - Refunds - Uncollectible Debts 228Deduction - Gross Receipts Tax - Warranty Obligations 229Deduction - Gross Receipts Tax - Administrative and Accounting Services 230Deduction - Gross Receipts Tax - Rental or Lease of Vehicles Used in Interstate Commerce 231Deduction - Gross Receipts Tax - Trade-in Allowance 232Deduction - Gross Receipts Tax - Sale of Prosthetic Devices 234Deduction - Gross Receipts Tax - Sale of Prescription Drugs 235Deduction - Gross Receipts Tax - Sale of Certain Services Performed Directly on Product Manufactured 237Deduction - Compensating Tax 238Deduction - Compensating Tax - Use of Tangible Personal Property for Leasing 239Deduction - Gross Receipts Tax - Fundraising 240Deduction - Gross Receipts Tax - Receipts of Sale of Food at Retail Food Store 241Deduction - Gross Receipts Tax - Receipts of Health Care Practitioners 242Deduction - Gross Receipts Tax - Receipts of Retailers from Sales of Certain Tangible Personal Property 247Deduction - Gross Receipts Tax - Solar Energy Systems 248Deduction - Gross Receipts Tax - Medical Treatment of Cattle 249Deduction - Gross Receipts Tax - Leasing of Construction Equipment 250Deduction - Gross Receipts and Compensating Taxes - Locomotive Fuel 300Credit - Gross Receipts Tax - Services 301Credit - Compensating Tax 302Credit - Gross Receipts Tax - Service for Resale 303Credit - Gross Receipts Tax - Legal Services for Wildfire Compensation Recovery 304Credit - Gross Receipts Tax - Sale of Dyed Special Fuel Used for Agricultural Purposes