Collections
New Mexico Administrative Code

Part 242

Deduction - Gross Receipts Tax - Receipts of Retailers from Sales of Certain Tangible Personal Property

State of New Mexico

1Issuing Agency 2Scope 3Statutory Authority 4Duration 5Effective Date 6Objective 7Definitions 8Items normally sold as a unit 9Purchases Using a Rain Check 10Layaway Sales 11Exchanges and Refunds 12Internet, Mail Order AND Telephone Sales 13Documenting Deductible Sales 14ITEMS THAT DO NOT QUALIFY FOR THE DEDUCTION UNDER Section 7-9-95 NMSA 1978 15Receipts That Are Not Deductible 16Items Considered to Be Computers for Purposes of the Deduction under Section 7-9-95 Nmsa 1978