N.M. Admin. Code § 3.2.117.10

Current through Register Vol. 36, No. 1, January 14, 2025

Section 3.2.117.10 - RECEIPTS OF 501(c)(6) ORGANIZATIONS - EXAMPLES

A. Some examples of receipts of 501(c)(6) organizations from "carrying on chamber of commerce, visitor bureau and convention bureau functions" are:

(1) Receipts from sales of audio or video materials promoting the local area.

(2) Receipts from admission fees to business seminars sponsored by the 501(c)(6) organization either by itself or in cooperation with other entities.

(3) Receipts of the 501(c)(6) organization from fund-raising events.

B. Section 3.2.117.10 NMAC is applicable to transactions occurring on or after July 1, 1988.

N.M. Admin. Code § 3.2.117.10

6/28/89, 11/26/90, 11/15/96; 3.2.117.10 NMAC - Rn, 3 NMAC 2.29.10, 5/15/01