N.M. Admin. Code § 3.16.203.9

Current through Register Vol. 36, No. 1, January 14, 2025
Section 3.16.203.9 - SALES TO OTHER DISTRIBUTORS ARE NOT DEDUCTIBLE

Petroleum product loaded or imported by a distributor and sold to another distributor may not be deducted from the amount of petroleum product loaded in New Mexico, even though the other distributor is bonded and registered, because the purchasing distributor did not "load" petroleum product within the meaning of the act.

N.M. Admin. Code § 3.16.203.9

11/7/90, 12/31/96, 4/15/98; 3.16.203.9 NMAC - Rn, 3 NMAC 17.4.9, 6/14/01