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New Mexico Administrative Code

Part 10

Imposition and Rate of Tax - Denomination as “Compensating Tax”

State of New Mexico

1Issuing Agency 2Scope 3Statutory Authority 4Duration 5Effective Date 6Objective 7Definitions 8Tangible Personal Property Acquired Outside New Mexico for Use in New Mexico 9Personal Rather Than Commercial Use of Tangible Personal Property or Services 10ReservedRepealed 11Tangible Personal Property on Which the Compensating Tax Has Been Previously Paid 12Promotional Gifts 13Construction Projects Occupied or Leased Prior to Sale 14Processing Pipe 15Materials Used on Nontaxable Projects 16Ordinary and Necessary Business Expense 17Services Which Qualify as Capital Expenditures 18Compensating Tax on Dealer Use of Parts 19Tangible Personal Property Furnished to Dealers by Out-of-state Service Contract Administrators 20Telecommunications Service Used by Hotels and Motels 21Federal Preemption and State Exemption - Credit Unions 22Federal Preemption - Job Corps Contractors 23Compensating Tax on Services Performed Outside the State 24Purchaser Entitled to Rely on Seller’s Statement as to Whether Tax Was Charged