N.M. Admin. Code § 3.2.10.14
Current through Register Vol. 35, No. 21, November 5, 2024
A New Mexico buyer who purchases pipe from outside the state is subject to the New Mexico compensating tax on the total value of the pipe at the time it is introduced into New Mexico for use. Value includes charges for labor and material used in processing the pipe when processed outside New Mexico prior to initial introduction into the state.
N.M. Admin. Code § 3.2.10.14