N.M. Admin. Code § 3.2.20.26

Current through Register Vol. 35, No. 24, December 23, 2024

Section 3.2.20.26 - REGISTRATION AND FILING

An agency, institution, instrumentality or political subdivision of the state of New Mexico does not have to register to file tax returns under the Gross Receipts and Compensating Tax Act only if the entity's receipts are entirely from:

A. activities or sources other than taxable activities; and

B. activities which are exempt under the sections cited in Section 7-9-12 NMSA 1978.

N.M. Admin. Code § 3.2.20.26

9/17/91, 10/2/92, 11/15/96; 3.2.20.26 NMAC - Rn, 3 NMAC 2.100.26 & A, 4/30/01